Precious metals are trading flat today the most actively traded Gold contract is at $1366.00, down by a dollar or 0.08% and Silver is at $21.56, lower by 0.50% at the time of writing this. We expect prices to remain volatile during the evening session as traders are waiting for FOMC Statement to be released later in the day. Base metals prices traded mixed during the morning session; three-month Copper is at $7014, higher by 0.24%. Other metals are also trading in narrow range with meager changes. Crude Oil and Natural Gas prices on NYM is at $98.92 and $3.914, higher by 0.48% and 0.23% respectively. We expect prices to remain positive in coming hours.
Data to Watch :
Crude Oil Inventories
FOMC Statement
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