Commodities snapshot (precious & industrial)

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

Gold:

• Gold is gaining back some of the lost grounds. It is the best performer of the week among the pack so far. Today’s range $1252-1259
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1250/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

• Silver is down today contrasting with gold. Today’s range $18.02-17.89
• Silver is currently trading at $17.92/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 the worst performer of the week so far. Today’s range $2.59-2.62
• Copper is currently trading at $2.61/pound, immediate support lies at, $2.4 & resistance at  $2.7