Gold and Silver were trading lower in the earlier session on COMEX ahead of US FOMC Meeting but later on recovered its lost ground and trading in green as we write this. Actively traded Gold contract tested a low of 1338.30 before settling at 1349.60, up 4.20 points or 0.28% and Silver is trading at 22.74, up 1.10% or 25 cents an ounce. Base metals are trading higher on LME on the expectation of that Federal Reserve may continue its stimulus. 3-month Copper is leading the industrial metals group, up more than a percent or 78.25 points to trade at 7277.25, followed by rest of the metals which are surging around half a percent each. WTI Crude Oil is losing on the expectation of increase in Oil stockpiles as US private agency API forecasted gain in Oil stockpiles by 5.5 Mbd. NYMEX Crude Oil is down 0.67% or 0.66 points to trade at 97.55 a barrel while Natural Gas is trading almost flat at 3.638 with a positive bias.
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