Gold and Silver prices are trading mixed today on CMX, the most actively traded Gold contract is at 1370.0, unchanged since previous closing and Silver stands at 23.12, up by 0.68%. The near term outlook is likely to remain positive for bullions and we can see prices moving higher in near term. An important resistance for Gold comes around 1385.0 while that for Silver emerges at 23.60 an ounce. Base metals across the LME are trading positive with Copper at 7381.0, +1.5%, followed by all other metals. We maintain positive view on base metals too. Energy prices on NYM are also trading in green with Crude Oil trading at 104.25, +0.40% and Natural Gas is at 3.47, up by half a percent.
Data to watch:
US Jobless Claims, Natural Gas Storage
Data to watch:
US Jobless Claims, Natural Gas Storage
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