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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is up this week but remains under pressure amid a stronger dollar. Today’s range $1194-1204
  • Gold is currently trading at $1203/troy ounce. Immediate support lies at $1190, and resistance at $1220 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. Today’s range $14.17-14.42
  • Silver is currently trading at $14.34/troy ounce. Support lies at $13.4 & resistance at $15

Copper:

  • Copper remains under pressure as the U.S. China trade negotiations failed so far. But sharply higher since last week, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.82-2.87
  • Copper is currently trading at $2.85/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 +0.33%

Silver

 +0.77%

Copper

  +0.35%

 

 

 

 

 

 

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