Precious metals prices are trading lower on MCX today. We do not expect any major fall in the prices of bullions as further accommodative policy from the US is likely to further boost investment demand for bullions. Buying at dips is recommended for the day.
Industrial/Base metals prices are trading higher on international bourses today. We expect a further rise in the prices of metals on account of accommodative measures by Fed officials and robust Chinese economic data. Nickel and Zinc can be bought at dips.
Crude oil prices are trading higher on MCX today. We expect a further rise in the prices of oil on account of increased global demand by EIA and overall optimism in global financial markets. Buying at dips is recommended for the day.
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