Commodity Morning Trading Guide

Bullion counter can trade on weaker path as firm greenback and fear of faster interest rate hike by Fed to tackle inflation continue to weigh on the prices.  The dollar index scaled a fresh peak since 2002 buoyed by a hawkish Fed, making the greenback-priced bullion more expensive for buyers holding other currencies. Gold (Oct) can test 49100 while taking resistance near 49500 while Silver (Dec) can move towards 55500 while taking resistance near 56500.