It was a very fine day for those who trade in silver and gold both these precious metal gave a positive run and settled in a very positive tone giving good chances of decent start on next trading session.In gold there was a larger number of short sellers but gold upset them all it is expected that gold can break its all time high very soon and can set new high records silver was also on fire and it gained almost 1.5% and closed for a good next trading session.
CRUDE also bullish but it didn't do much as it moved very side ways all through the day it swinged for the whole day between 4900 and 4950 point but was unable to do much.

We expect gold to trade to one side bias this week, taking sundry cues from a weaker dollar and rise in risk appetite in the markets.
Base metals are expected to trade higher in coming week, on the back of upbeat sentiments in the global markets coupled with dollar weakness.
However, if there is any negative news or developments from the Euro Zone then it will lead downside in the base metals.
Aluminum is expected to trade lower next week as cues from increase in Shanghai inventories coupled with rise in trading margin by SHFE.
crude oil prices are expected to trade higher on account of a weaker dollar, expected winter demand and positive sentiments in the global markets.


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