Bullions are trading slightly positive, with active Gold futures at $1689 up by $6 or 0.36% and Silver is at $31.30 up by 0.55% or 17 cents on COMEX. Gold prices posted well recovery from the last Friday’s fall as the bargain hunters were waiting to buy Gold at lower prices ahead of the major festive season in India. Gold is expected to trade positive in near term and may face resistance around $1720 and $1755. With exception of 3-month Aluminum all other metals are trading in green on LME at the time of writing this, benchmark 3-month Copper is at $7674.50, up by +23.50 or 0.30% and is likely to trade with a positive bias. NYMEX Oil prices are trading near previous settlement of $85.65 with no changes while Gas prices is trading negative by 0.62% or 2 cents at $3.5320.
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