Commodities snapshot (precious & industrial)

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

Gold:

• Gold is down today, despite a weaker dollar as the geopolitical tensions ease. Today’s range $1291-1281
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1283/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is down in line with the gold. Today’s range $18.14-18.38
• Silver is currently trading at $18.25/troy ounce. Support lies at $17.5, & resistance at $18.6

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is up for the day but selling pressure remains as doubts emerge over Trump’s infrastructure plans. Today’s range $2.52-2.56
• Copper is currently trading at $2.55/pound, immediate support lies at, $2.4 & resistance at  $2.7