Commodities snapshot (precious & industrial)

The metal pack is mixed today. The performance this week at a glance in the chart & table -

Gold:

• Gold gave up gains as risk aversion faded amid a strong USD. Today’s range $1230-1219
• Gold is currently trading at $1213/troy ounce. Immediate support lies at $1195, and resistance at $1250 area.

Silver:

• Further decline likely as the silver breaks key support around $14.2 area. However, a temporary correction on a weaker USD is currently taking place. The correction might increase to $15.5 per troy ounce. Today’s range $14.23-14.52
• Silver is currently trading at $14.27/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

• Copper remains under pressure as the U.S. China trade negotiations failed so far. But sharply higher since last month, despite U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.66-2.75
• Copper is currently trading at $2.67/pound, immediate support lies at, $2.55 & resistance at  $2.75