Precious Metals are lower today with Gold trading at $1576.60 and Silver at $27.03 an ounce. Gold finds good support at $1575 breaking which prices may move lower to $1560 while Silver finds good support at $27.0 and may move lower to $26.50-$26.30 in intraday. Base Metals are trading lower today and the negative bias is expected to continue towards the evening. Crude Oil prices are still trading near a key resistance zone at $89.0-$89.30 and is expected to move higher if this level is taken out. The FED chairman Ben Bernanke is due to continue his testimony today in front of the senate at 7.30 pm.
Key Data to Watch : US Building Permits and Housing Starts, Crude Oil Inventories
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