Precious Metals extended its range bound trading for the second day ahead of FOMC meeting on September 13; Gold was seen trading at 1734.0, up 2.0 and Silver was trading lower by 5 cents at 33.57. We are positive on prices in the short term but for intraday, we believe the range bound trading will continue tracking the FED meet. Base Metals on LME are trading slight
ly lower, possibly on account of profit booking; three month Copper is green at 8070.50, up 1.25 while Nickel is down 59.0 or 0.35% at 16691 per ton. We are positive on Copper for intraday. Energy prices are also unchanged since morning and Crude Oil is trading at 96.84 while Natural Gas is trading at 2.8160. We are neutral on energy prices for intraday.
No Major Economic Releases.
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