CMX Precious metals are
trading higher with Gold is trading at $1790.70, up by $11.10 or 0.62% an ounce
while Silver is adding almost a percent to trade at $35.0. We are expecting
that prices may move higher on the hopes of ECB’s press conference and US fresh
jobless claims. US Crude Oil is trading at $88.80, up 63 cents or 0.71% due to
short covering after the last session’s steep decline on NYMEX while Natural
Gas is marginally higher by a cent or 0.50% to trade at $3.41. Market
participants will be looking for EIA’s Natural Gas Storage data to be released
at 8.00 PM. Base Metals are trading higher with Copper higher by 0.51% to trade
at $8334.0.
Data to Watch:
US Unemployment Claims
ECB press Conference
US Factory Orders
US Natural Gas Storage
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