Gold futures are trading marginally lower at $1601.10, down by $3.40 or 0.20% and Silver is at $28.80 losing 0.26% or 7 cents at the time of writing this. We expect prices to remain range bound with a positive bias as a daily close above $1600.00 mark shows strength for near term in Gold. On base metals prices are trading still lower with Copper on LME trading down by 42 points or 0.56% along with all other metals. Crude Oil prices are trading marginally lower at $93.61, lower by 15 cents while Natural Gas prices are trading flat at $3.881.
Data to Watch:
US Building Permits and Housing Starts at 6.00 PM
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