Commodity Morning Trading Guide

Bullions counter may trade on subdued path as yellow metal struggled for momentum as trader’s awaited key U.S. inflation numbers due later in the day after a slew of strong data prints and hawkish comments from Federal Reserve officials raised bets of more rate hikes. U.S. data showed a resilient labour market, while gross domestic product for the first quarter was revised upward, making a strong case for the Fed to raise rates to bring down inflation. Gold can move in range of 57850-58100 while silver also can move in range of 69000-70500.