2017.04.2609:26:00UTC+00Commodities Snapshot (precious & Industrial)

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

Gold:

• Gold remains weak due to risk-on sentiment. Today’s range $1266-1261
• We expect the gold price to reach $1390 per troy ounce.
• Gold is currently trading at $1263/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is down in line with the gold. Today’s range $17.69-17.46
• Silver is currently trading at $17.51/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 benefits from risk on sentiment; the best performer of the week. Today’s range $2.57-2.59
• Copper is currently trading at $2.58/pound, immediate support lies at, $2.4 & resistance at  $2.7