Commodities snapshot (precious & industrial)

Metal pack is mixed today, industrial is up, while precious is down. Performance this week at a glance in chart & table -

Gold

• Gold lost its shine investors return to equities as risk aversion faded. Today's range - $1156-$1134
• Gold might drop towards $1125 area and beyond .
• Gold is currently trading at $1137/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver

• Silver is down today but a better performer compared to Gold.. Today's range $15.5-14.6
• Silver is currently trading at $14.68/troy ounce. Support lies at $14 & resistance at $16.

Copper

• Copper is the best performer this today, as Chinese central interest rates by 25 basis points and reserve requirement ratio was reduced by 50 basis points. Today's range $2.32-2.24.
• Copper is currently trading at $2.30/pound, immediate support lies at, $2.2 & resistance at $2.35.

Gold

-1.98%

Silver

-4.05%

Copper

 +0.13%