Wednesday, 2 September 2015

Daily Best Commodity Tips Provider In India

For the day gold futures are expected to continue its range bound trend with negative bias. There are major ETF holdings are happening as of now as investors are taking cautious approach ahead of non-farm payroll data and US FOMC meeting on 17th Sep 2015. Among the economic releases, we have ADP employment change, nonfarm productivity and factory orders, which are likely to have mixed impact on the market. Overall, gold is expected to remain in range.

As on Wednesday morning, comex gold futures are trading on a flat note at $1138.40 per ounce.

Silver futures are expected to witness volatile movement during the day with negative bias. Weakness in base metals market is likely to weigh on silver market. We are recommending to sell silver for the day.

As on Wednesday morning, comex silver for Dec delivery is trading at $14.57 per ounce, down by 0.34%.
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