Commodities snapshot (precious & industrial)

Metals as a pact continue to lose grounds against dollar though performance remained mixed. Performance this week at a glance in chart & table -

• Gold - Gold reached initial target of $1150/troy ounce in today's trading. Gold traded as low as 1147 intraday. Prices can move to even $1040/troy ounce if key support is broken. Immediate support lies at 1144 & resistance at 1166.
  
  
• Silver - Silver, fell more than gold in today's trading. Mint ratio is at 74.8, up 0.80% today. Prices might reach as low as $14/troy ounce as key level got broken in today's trading. Silver is currently trading at $15.4/troy ounce. Support lies at 14 & resistance at 16.6.
  
  
• Copper - Copper is rolling back gains made over last week and feeling further pressure in today's trading as data revealed continued slowing in China. Industrial production grew by 6.8% in January compared to previous 7.9%. Retails sales grew at 10.7% compared to previous 11.9%. Copper is trading at $2.61/pound. Price pattern suggests loss towards 2.47 levels should the resistance hold. Immediate support lies at 2.57 & resistance at 2.67.