Commodity Market Update

Precious Metals are trading near crucial support levels breaking which prices may move lower further. Support for Gold at $1560 and Silver at $26.50. Base Metals are trading with a negative bias and may fall further during the day. Energy prices are holding steady with support coming into play at $78.

Key Data to watch : US Jobless Claims at 6.00 pm and US Natural Gas storage report at 8.00 pm today.