Gold prices internationally are expected to remain in range as investors would await the FOMC meeting minutes tomorrow to get cues on the future course of Fed’s bond buying program.
We expect crude prices to go up as supply concerns from Middle East and expectations of lower inventories can push prices higher.
Base metals internationally can remain in range on caution ahead of Chinese and Euro zone Manufacturing numbers and FOMC meeting minutes. However, weaker rupee can push prices higher in India.
Precious Metals Updates:
Gold prices internationally fell on Monday as outflows in gold ETF resumed after a weekly gain and rising bond yields also put pressure on gold prices.
Energy Updates:
Crude prices fell on Monday as storm concerns over the Gulf of Mexico faded and profit booking also pushed prices down.
Natural Gas- Natural gas prices ended higher on Monday as warmer weather forecast for the coming week supported natural gas.
We expect crude prices to go up as supply concerns from Middle East and expectations of lower inventories can push prices higher.
Base metals internationally can remain in range on caution ahead of Chinese and Euro zone Manufacturing numbers and FOMC meeting minutes. However, weaker rupee can push prices higher in India.
Precious Metals Updates:
Gold prices internationally fell on Monday as outflows in gold ETF resumed after a weekly gain and rising bond yields also put pressure on gold prices.
Energy Updates:
Crude prices fell on Monday as storm concerns over the Gulf of Mexico faded and profit booking also pushed prices down.
Natural Gas- Natural gas prices ended higher on Monday as warmer weather forecast for the coming week supported natural gas.
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