Precious metals prices are trading a tad higher on COMEX today. We expect a further rise in the prices of precious metals on account of weak economic data from the US which raises hopes of the continuation of the existing loose monetary policy of the Federal Reserve. Buying at dips is recommended for the day.
Industrial metals prices are trading lower on international bourses today. We expect a further decline in the prices of industrial metals on account of a weaker than expected manufacturing data from US and China. Selling on rise is recommended for the day.
Crude oil prices are trading lower on NYMEX today. We expect a further decline in the prices of oil on account of an expectation of higher stocks at major ports. Selling on rise is recommended for the day.
