Precious metals are trading higher today; extending its last session’s gains with Gold adding 0.73% and Silver up is up by 0.21% at 1284.0 and 20.16 an ounce respectively. The near term outlook seems positive for Gold and Silver and we expect prices to remain higher in the coming hours. Traders will be waiting for the FED testimony which is scheduled at 8.30 PM, today. Crude Oil and Natural Gas prices on NYM are trading in a range with nominal gains. Crude oil is trading higher by 0.28% at 100.34 and Natural Gas is at 4.63, up by 1.09%. With exception of Aluminum all other base metals are trading lower. Copper is lower by 0.21% or 15 points at 7087.0 and Zinc is trading down by 0.52% at 2002.25. Intraday bias is negative for Base metals.
No comments:
Post a Comment