Commodity Market Update

Precious Metals and Energy prices are likely to trade with a silent tone today as the US Banks are closed in observance of US Independence day today. Bank Holidays usually withdraw a significant amount of liquidity from the futures market and that should see prices remain at current levels even though the overall tone remains bullish over the week. Base Metals are trading in red on London Metal Exchange where most metals are losing near about a percent since morning. Crude Oil inventories are due to be released tomorrow instead of today.

No Data Releases from the US.