Precious metals (Gold and Silver) are trading lower on MCX Commodity Market today. We expect prices to trade lower for the day on account of a stronger dollar. All base metals are trading lower on International bourses today. We expect prices to trade lower on concerns that the demand for the metal used in pipes and electrical wires will wane after a report showed weak house prices in the United States, the world's largest economy. Crude oil is trading lower on MCX Commodity today. We expect prices to trade higher for the following trading session on account of threats by Iran to halt oil shipments through the Strait of Hormuz.
