Commodities snapshot (precious & industrial)

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

Gold:

• Gold is up today, despite stronger dollar on risk aversion bid arising from Trump’s firing of FBI chief Comey. Today’s range $1224-1216
• We expect the gold price to reach $1390 per troy ounce.
• Gold is currently trading at $1222/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is down in line with the gold this week. Today’s range $16.12-16.37
• Silver is currently trading at $16.25/troy ounce. Support lies at $16 & resistance at $17

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is the best performer of the day. Today’s range $2.55-2.48
• Copper is currently trading at $2.53/pound, immediate support lies at, $2.4 & resistance at  $2.7