Commodities snapshot (precious & industrial)

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

Gold:

• Gold is rising on a weaker dollar. Today’s range $1245-1259
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1257/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

• Silver is up in line with gold. Today’s range $17.72-17.97
• Silver is currently trading at $17.93/troy ounce. Support lies at $17.2, & resistance at $18.4

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is moving down along with other industrial metals. Today’s range $2.64-2.58
• Copper is currently trading at $2.585/pound, immediate support lies at, $2.4 & resistance at  $2.7