Commodities snapshot (precious & industrial)

Metals are doing fairly well this week trying hard to ground against dollar. Performance this week at a glance in chart & table -

• Gold - Gold fighting hard to keep its head above against dollar but gained against the other majors. Gold may continue to move sideways before further queue over ECB or NFP report over the end of the week. Gold is currently trading at $1213/troy ounce. Immediate support lies at 1190 & resistance at 1224.

• Silver - Silver continued to trade sideways trying to break the gold silver ratio lower. Silver is currently trading at $16.49/troy ounce. Support lies at 15.5 & resistance at 17.6.

• Copper - Copper failed to break above the resistance as market remained concerned over the situation in China. The copper is trading at $ 2.65/pound. Immediate support lies at 2.62 & resistance at 2.72.