Gold futures is trading above the key level of $1725, higher by $10 or 0.60% and Silver at $32.16, up by 12 cents or 0.39% on COMEX, continuing their past session’s gain. Prices are likely to remain higher with Gold 1st resistance at $1755 and then $1800 will be the trend deciding zone, however Silver prices are also likely to trade positive tracking Gold’s cues in short term. Crude Oil is trading mixed, trading zigzag at $87.97, down by 75 cents at the time of writing this. Natural Gas prices are trading negative; the active contract is down by 5 cents o r1.5% at $3.56. Copper on LME is slightly negative at $7720, lower by $15.25 while all other metals are trading in green with Aluminum and Lead Gaining the most by 0.58% each at $1939.75 and $2184.50 respectively.
Data to watch:
US Crude Oil Inventories
No comments:
Post a Comment