Precious Metals are trading in a tight range, Gold trading at 1660 while Silver at 30.5. Prices are clutched in a tight range as the market participants are waiting for the Federal Reserve’s Chairman Ben Bernanke speech to be delivered at 7.30 PM. Base metals are trading mixed, moving in and out of its positive territory while Crude traders are also waiting for the Federal Reserve’s comments on a new round of monetary easing. Market is expected to remain highly volatile as the event will confirm the liquidity in the market by the central banks.