Commodity Morning Trading Guide

Bullions counter may trade on weaker path as U.S. Federal Reserve Chair Jerome Powell’s hawkish remarks and rise in greenback kept prices under pressure. The Fed raised interest rates by 75 basis points and said its battle against inflation will require borrowing costs to rise further, yet signaled it may be nearing an inflection point. Gold can move in range of 50100-50550 while Silver can move in range of 57500-59500.