Gold futures are trading higher by $3.20 at $1722 and Silver contract is up by 13 cents at $32.45, Gold prices are facing resistance near $1726 since last few sessions and a breakout above today’s high may give a buying opportunity to the traders. Gold prices are expected to trade near $1765-$1780 in coming session on other hand $1700 may act as a strong support for the yellow metal. On LME Copper is trading at $7800, up by 0.60% and prices are likely to test $8100-$8200 zone only if sustain above $7800. Crude Oil is trading silent on NYMEX the active contract is higher by just 12 cents while Natural Gas is up almost a percent at $3.72.
Data to Watch
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Unemployment Claims
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ISM Manufacturing PMI
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Natural Gas Storage
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Crude Oil inventories
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