Gold prices are trading slightly higher on CMX at 1626.80 while Silver is almost unchanged from Friday's close at 28.04. On MCX though, Gold prices are significantly higher at 30178, up 146 points due to the rupee which has weakened by 15 paise at 55.43 against the dollar. 1635.0 is a strong resistance above which prices may turn positive in the short term, for intraday, we are positive on prices. Base Metals are trading lower on LME with Copper at 7442.0, down 45.0 or 0.60% while Nickel is trading at 15349.0, up 22.0 or 0.14%. On MCX, prices are down 1.35 at 413.70 since morning, we are neutral on prices. Energy prices are higher today; Crude Oil is trading at 93.60 per barrel, up 73 cents or 0.79% while Natural Gas is trading down 2 cents or 0.87% at 2.746 per mmBtu. We are neutral on both Oil and Gas.
No Economic Releases.
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