Commodities snapshot (precious & industrial)

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

Gold:

• Gold is down today over strong USD. Remains upbeat on risk aversion. Today’s range $1243-1251
• Gold is currently trading at $1246/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. Up today on weaker USD. Today’s range $14.46-14.77
• Silver is currently trading at $14.56/troy ounce. Support lies at $14 & resistance at $16

Copper:

• Copper declines as trade optimism fade. Likely to decline further to test $2.5 area once the optimism fades. Today’s range $2.76-2.71
• Copper is currently trading at $2.72/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold	-0.32%
Silver	-0.14%
Copper	-0.98%