Precious metals are trading positive today, Gold is trading higher by $12 at $1745 and prices are likely to remain higher with an intraday resistance around $1780. Traders are cautious ahead of the Fed upcoming Summit, scheduled tomorrow. Silver prices are also expected to trade higher taking cues from Gold’s movement. We expect a neutral outlook on Crude while traders would be waiting for the inventory released by the EIA, with a market forecast of -1.8 mbd. Gas and Base metals are likely to trade range bound with a positive bias.
No comments:
Post a Comment