Commodities snapshot (precious & industrial)

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

Gold:

• Gold has raced higher in recent days on geopolitical tensions. Today’s range $1281-1288
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1283/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is up along with gold; the best performer of the week Today’s range $18.39-18.63
• Silver is currently trading at $18.47/troy ounce. Support lies at $17.5, & 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 as geopolitical uncertainty weighs on growth prospects. Today’s range $2.53-2.59
• Copper is currently trading at $2.57/pound, immediate support lies at, $2.4 & resistance at  $2.7