Bullions are trading silent today, after a significant rally on Friday. CMX Gold is at 1734.30 slightly lower since morning while Silver is trading at 33.74, up by just 5 cents. Gold prices are likely to remain higher with its intraday resistance near 1765 and 1790 while the immediate support comes around 1700. Base metals are trading fantastically higher; LME Copper
is at 8095 up by 113 points or1.40%. Metals prices are extending its bullish move while Copper prices are expected to test a high around 8800 in coming days. Crude is trading in a range at 96.48 while Natural Gas is at 2.66, we don’t expect much movement in energy complex for the day.
On Data front, traders will be keenly waiting for Federal Reserve’s economic projection and FOMC statement, scheduled on Thursday.
On Data front, traders will be keenly waiting for Federal Reserve’s economic projection and FOMC statement, scheduled on Thursday.
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