Commodities snapshot (precious & industrial)

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

Gold:

• Gold down today as geopolitical tensions subside. Today’s range $1289-1281
• We expect the gold price to reach $1390 per troy ounce.
• Gold is currently trading at $1281/troy ounce. Immediate support lies at $1250, and resistance at $1290 area.

Silver:

• Silver is up in line with gold this week. Today’s range $17.51-17.71
• Silver is currently trading at $17.57/troy ounce. Support lies at $16.8 & resistance at $18.2

Copper:

• Copper is the best performer of the day and the week Today’s range $2.54-2.59
• Copper is currently trading at $2.58/pound, immediate support lies at, $2.4 & resistance at  $2.7