12.05.201709:32:00UTC+00Commodities Snapshot (precious & Industrial)

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

Gold:

• Gold is up today, as the dollar weakened across the board on risk aversion arising from Trump’s firing of FBI chief. Today’s range $1223-1232
• We expect the gold price to reach $1390 per troy ounce.
• Gold is currently trading at $1230/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is down in line with the gold this week. Today’s range $16.28-16.50
• Silver is currently trading at $16.44/troy ounce. Support lies at $16 & resistance at $17

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is flat for the day. Today’s range $2.53-2.50
• Copper is currently trading at $2.51/pound, immediate support lies at, $2.4 & resistance at  $2.7