Commodities snapshot (precious & industrial)

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

Gold:

• Gold is up today over weaker USD. Remains upbeat on risk aversion. Today’s range $1258-1246
• Gold is currently trading at $1255/troy ounce. Immediate support lies at $1220, and resistance at $1275 area.

Silver:

• Silver is moving higher along with gold as USD weakens. Up today on weaker USD. Today’s range $14.85-14.59
• Silver is currently trading at $14.77/troy ounce. Support lies at $14 & resistance at $16

Copper:

• Copper remains upbeat as trade deal optimism returns with China reducing tariffs on imported cars. But moving lower as growth concern mounts. Likely to decline further to test $2.5 area once the optimism fades. Today’s range $2.7-2.65
• Copper is currently trading at $2.69/pound, immediate support lies at, $2.55 & resistance at  $2.81