Commodities snapshot (precious & industrial)

Metal pack is up today. Performance this week at a glance in chart & table -

Gold:

• Gold is heading for a showdown around the key resistance around $1300. Today it is marginally higher on weaker dollar. Today’s range $1250-1255
• Gold is currently trading at $1254/troy ounce. Immediate support lies at $1220, and resistance at $1280, $1300 area.

Silver:

• Silver is up in line with gold. Today’s range $18.22-18.39
• Silver is currently trading at $18.32/troy ounce. Support lies at $18, & resistance at $18.7

Copper:

• Copper is likely to rise towards $3.2 per pound. Copper is consolidating below key resistance around $2.72 area. Today’s range $2.7-2.67
• Copper is currently trading at $2.69/pound, immediate support lies at, $2.6 & resistance at  $2.86