Commodity Market Update (Gold)

Precious metals are trading marginally positive today with the most actively traded Gold contract is at 1275.70, +7 points or 0.54% and Silver is trading up by 0.62% at 21.39 an ounce. We expect prices to remain in a range as US banks are closed in observance of Columbus Day. With the exception of LME Aluminum all other base metals are trading in green since morning. 3-month Lead is the top performer to gain 0.71% while Aluminum is lower by 0.45% at 2120.0 and 1877.0 respectively. Copper is trading at 7232.0, +0.45%. Intraday bias remains positive and we can see prices moving higher in coming hours. Crude Oil and Natural Gas on NYMEX are trading positive today. Crude Oil is up by 0.31% and Natural Gas is higher by 1.5% at 102.3 and 3.83 respectively.