Commodities snapshot (precious & industrial)

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

Gold:

• Gold has broken a key resistance line. Up this week on weaker equity prices. Today’s range $1301-1285
• In the short-term price is likely to move higher towards $1360 area.
• Gold is currently trading at $1299/troy ounce. Immediate support lies at $1250, and resistance at $1295 area.

Silver:

• Silver is up in line with gold this week. Testing key resistance. Today’s range $16.85-17.34
• Silver is currently trading at $17.21/troy ounce. Support lies at $16 & resistance at $17.2

Copper:

• Copper is looking to break key resistance around $2.95 area. Today’s range $2.9-2.96
• Copper is currently trading at $2.94/pound, immediate support lies at, $2.7 & resistance at  $2.92

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