Commodity Morning Trading Guide
Bullions counter may trade in narrow range as some investors stayed on the sidelines ahead of the U.S. Federal Reserve’s interest rate decision and policy outlook. Gold can move in range of 58200-58750 while silver also can move in range of 68000-69000.U.S. Treasury Secretary Janet Yellen told bankers on Tuesday the U.S. banking system was stabilizing, but further steps might be needed “if smaller institutions suffer deposit runs that pose the risk of contagion”.