Precious Metals are trading sharply lower today; Gold is at 1662.0, down 8.0 or 0.47% and Silver is down 18 cents at 31.54. On MCX,Gold is down 100 points at 30363.0 while Silver is at 58714.0, down 238 points. Bullions are expected to trade with a negative bias and may move lower today, later in the evening. Base Metals have erased gains made earlier in the morning, three month copper is trading at 8080.0 a ton on LME while the rest of the metals are also trading marginally in green. Base Metals are trading in a range and may trade negative into the evening. Crude Oil is higher by almost half a percent at 96.37 a barrel while Natural Gas is at 3.4370 per mmbtu. Both are expected to trade with a neutral tone in the evening.
Key Economic Releases : New Home Sales
No comments:
Post a Comment