Base Metals Trand Sideways on Mixed Fundamentals
Gold Silver Reports ~ Base metals may trade sideways on mixed fundamentals. Copper MCX may trade in range of
Natural Gas MCX Range 107 to 117
Gold Silver Reports – Natural gas on MCX settled down -3.12% at 111 as warmer temperatures in the Northeast and Midwest last week cut demand for natural gas sharply.
Gold MCX Range 29029 to 29580; Sell On Rise
Gold Silver Reports – Gold trades lower as sentiment in equity markets continues to improve. A stronger INR too weighs on domestic prices. Investment demand meanwhile continues to support prices with SPDR holdings at highest since September 2014.
Spot Gold Hit Moonshot Target $ 1201.10
Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases. Traders brace for the release of the US ADP Employment Change and ISM Services PMI data later on Wednesday.