Commodities snapshot (precious & industrial)

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

Gold:

• Gold is marginally higher today despite a rebounding dollar. Today’s range $1251-1256
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1255/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

• Silver is up in line with gold. Today’s range $18.17-17.98
• Silver is currently trading at $18.04/troy ounce. Support lies at $17.2, & resistance at $18.4

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is retracing some of its loss. Today’s range $2.64-2.61
• Copper is currently trading at $2.63/pound, immediate support lies at, $2.4 & resistance at  $2.7