Precious metals are trading slightly higher today, CMX Gold is trading higher by a dollar at 1778.70 while Silver futures are at 34.83 up by half a percent or 16 cents. Bullions were supported by
the last evening’s release of US weaker than expected macroeconomic data which underpinned prices to move higher. Gold may test its important resistance of 1800 while 35.50 will be a good resistance for Silver. Base Metals are trading in green since morning; LME Copper is trading at 8263, up by 0.65% while LME Nickel is at 18630, higher by 243 points or 1.21%. US Crude and Gas prices are also higher, Crude is at 92.50 while Natural Gas is at 3.307. We expect prices to trade in a range during the evening hours.
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