Commodities snapshot (precious & industrial)

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

Gold:

• Gold shot higher as the US launches missile attacks on Syria. Today’s range $1271-1250
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1267/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

• Silver is up this week so far but worse performer than gold due to lack of haven bid. Today’s range $18.37-18.14
• Silver is currently trading at $18.19/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 faced another selloff. Today’s range $2.67-2.6
• Copper is currently trading at $2.61/pound, immediate support lies at, $2.4 & resistance at  $2.7