Commodity Morning Trading Guide

Bullions counter may trade with sideways bias as traders awaited U.S. inflation data, due later in the day, to gauge the Federal Reserve’s stance on further interest rate hikes. Gold can move in range of 56500-57000 while Silver also can move in range of 67800-69300. Investors are now awaiting U.S. personal consumption expenditures (PCE) data, the Fed’s preferred inflation measure, at 7 pm for cues on the central bank’s path forward.