Experts tell you how gold and copper are poised for today

Gold recently shot up to a record high of USD 1600 plus, running alongside a strengthening dollar. What does this mean for the commodity space and how does gold and copper look for the day? Experts opine.

Also watch the accompanying video Copper
Naveen Mathur of Angel Broking recommends buying copper today, the MCX August contract, at Rs 437 levels. The stop loss recommended would be at around Rs 432 and target is anticipated in the range of Rs 445-446 per kilogram levels. The markets would hover between  Rs 437 on the downside to Rs 445 on the upside, that is the resistance for the day, he says.
Kishore Narne, VP of Anand Rathi Commodities agrees and suggests buying copper on marginal dips to around Rs 436 to Rs 438 per kilogram with stop loss placed below Rs 430 and target of Rs 448 and Rs 450. Gold
Gold has rallied for almost 10-12 trading sessions in a row and yesterday