Date: 31st Jan. 2013, Time : 15:12
Precious metals are trading slightly lower with Gold at $1666.00 down by 0.30% while Silver prices are trading near $32.00, down by half a percent. We expect prices to remain range bound with a positive bias which can take Gold near the potential resistance of $1700 an ounce while silver to $32.50 in coming sessions. On base metals prices are trading higher today; Three-month Copper is at $8277.00, up by 0.62% and Nickel is at $18535.00 added almost a percent since its last closing. Crude Oil on NYMEX is at $97.76, lower by 0.18% trading in a tight range while Gas prices are at $3.302 which is down by 3 cents as traders are cautious ahead of US Natural Gas Storage data set to be released tonight.
Data to watch:
US Unemployment Claims
US natural Gas Storage
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