Commodities snapshot (precious & industrial)

Metals performance remained mixed since the release of payroll reports. Performance this week at a glance in chart & table -

• Gold - Gold continues to suffer over strong US dollar but trying to gain back ground in today's trading. Further selloffs are expected at rallies as key support is broken. Gold is currently trading at $1167/troy ounce, failed to break above 1175 as seller emerged. Gold can fall towards $1150/ troy ounce. Immediate support lies at 1144 & resistance at 1177.
  
  
• Silver - Silver, sell off continued even today after sharp fall over Non-farm report. Mint ratio is at 73.9, up 0.64% today. Price pattern suggests that it could fall as low as $14/troy ounce. Silver is currently trading at $15.8/troy ounce, down by 0.6% for the day. Support lies at 15.4 & resistance at 17.6.
  
  
• Copper - Copper is the best performer among metals. The red metal sharply gained ground over demand from China and profit booking. Copper has not broken below the key support, so further gains can't be ruled out however some consolidation could be ahead for the pair. Copper is trading at $ 2.66/pound. Immediate support lies at 2.57 & resistance at 2.73.