After yesterday’s slump, there is a slight recovery from the lower level in Gold. Although the prices are around the low level of 17 months. Actually, the dollar was strengthened yesterday and due to this, the Gold is remained below $ 1210 consistently, while Silver is trading above 0.5% from the lower level.
Meanwhile, US has implemented economic restrictions on Iran shortly before and also appealing to other countries to make the distance. Due to this, Crude Oil price slightly rise. Although, the trade is getting in very short range. Brent crude is trading above 74$, and NYMEX Crude is trading above 69$.
In Base Metals, Slight recovery is seeing in Copper on London Metal Exchange. In hopes of not having much impact on demand in China due to the trade war, Copper has got support.
Commodity Calls For Today
BUY ZINC AUG ABOVE 179.55 TARGET 180.55.
BUY GOLD OCT ABOVE 29680 TARGET 29780.
SELL NATURAL GAS AUG BELOW 197 TARGET 194.50. Get HNI Commodity Tips from Expert