Gold on COMEX is trading slightly higher today, settling above its prior resistance of $1580 which add fresh bullishness in gold futures, prices are likely to test its resistance around $1610 whileon domestic market the rupee against dollar is also supportive for the gaining prices which may take prices around 29850 levels in the coming session. Silver prices may also remain positive following gold moves. Base metals are trading mixed since morning, traders will be waiting for the New Home Sales data to be released by Census bureau, later in the evening. Crude oil prices are clutched in a narrow range as the market participants will be following the US Crude Oil Inventories release before taking any position while Natural Gas is expected to remain positive for the day.
Data to Watch:
US New Home Sales
US Crude Oil Inventories
Data to Watch:
US New Home Sales
US Crude Oil Inventories
No comments:
Post a Comment