Commodities snapshot (precious & industrial)

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

Gold:

• Gold is ending the week lower as the geopolitical tensions ease. Today’s range $1278-1286
• 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 the worst performer of the week. Today’s range $18.10-17.83
• Silver is currently trading at $17.86/troy ounce. Support lies at $17.5, & resistance at $18.6

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is in decline again today; the selling pressure remains as doubts emerge over Trump’s infrastructure plans. Today’s range $2.52-2.57
• Copper is currently trading at $2.53/pound, immediate support lies at, $2.4 & resistance at  $2.7