Commodity Morning Trading Guide

Bullions counter may witness range bound movement as yellow metal can move in range of 58300-58600 while silver also can move in range of 70000-71000. Gold prices steadied above 5-month lows on Monday after declining in the previous five sessions, as investors saddled up for central bankers’ gathering in Jackson Hole, Wyoming this week, for outlook on economy and interest rates. Investors’ focus will be on U.S. Federal Reserve chair Jerome Powell’s speech on Friday, as central bankers from around the world assemble in Jackson Hole for their annual conference.