Precious metals are trading slightly positive since morning after Gold futures eased more than $25 in its previous session. The actively traded Gold on CMX is higher by $6.20 or +0.36% at $1725.00 while Silver futures are also positive the near month contract, for December delivery is up by just 5 cents or 0.10% at $33.73 while domestic prices are steady as the gaining moves are restricted by the weaker rupee against the dollar which depreciated almost a percent to trade at 54.08 at the time of writing this. Base metals are trading positive three-month Copper on the LME is at $7823.00 up by 0.75%. Lead and Zinc are the top gainer, adding around 1.30% each. On energy complex, prices are trading mixed Crude futures are trading higher by 0.72% at $87.11 while Natural Gas is at $3.78, lower by 0.55% or 2cents.
Data to watch:
US Unemployment Claims
US Pending Home Sales
US Prelim GDP q/q
US Natural Gas Storage
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