Bullions are trading slightly positive on COMEX since morning, with Gold at $1717.40, up by $3.5 or just 0.20% and Silver at $31.74, higher by a meager 8 points or 0.27%; precious metals prices are expected to trade in a range with a negative bias but traders will be more cautious ahead of US Initial Jobless Claims and ECB Press conference, scheduled later in the global day. Base metals prices are trading lower, extending its last session’s fall with three-month Copper at $7578.00, down by 0.30% or $21 per metric ton on LME, market participants will be eagerly eyeing at US trade balance data to clear further moves in base metals. On Energy Complex, Crude is trading up by 0.60% or $84.93, as a slight bounce back to the previous fall of 3.15% on NYMEX while Gas prices are lower by more than a percent or 4 cents to trade at $3.5330.
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