Commodities snapshot (precious & industrial)

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

Gold:

• Gold is treading water  as the dollar rebounds. Today’s range $1254-1247
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1252/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

• Silver is down today contrasting with gold. Today’s range $18.23-18.01
• 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 rebounded and now heading for a test of resistance around $2.7 area. Today’s range $2.66-2.69
• Copper is currently trading at $2.66/pound, immediate support lies at, $2.4 & resistance at  $2.7