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Commodities Snapshot (precious & Industrial)

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

Gold:

Gold is down today, heading for its third weekly decline. Today’s range $1249-1255
We expect the gold price to reach $1390 per troy ounce. In the short-term price is likely to decline to $1225 area.
Gold is currently trading at $1251/troy ounce. Immediate support lies at $1250, and resistance at $1290 area.
Silver:

Silver is down more than 2 percent so far this week. Today’s range $16.77-16.59
Silver is currently trading at $16.66/troy ounce. Support lies at $16.8 & resistance at $18.2
Copper:

Copper is up today as Chinese regulator encourages commodity investments. Today’s range $2.55-2.59
Copper is currently trading at $2.58/pound, immediate support lies at, $2.4 & resistance at  $2.7

Gold

 -0.21%

Silver

 -0.06%

Copper

 +0.58%

The material has been provided by InstaForex Company – www.instaforex.com