Indian commodity market both Bullion and Base metal are trading in down trend whole commodity market showing consolidate movement. Gold and silver movement depending on US Federal Reserve’s decision on possible measures to stimulate the economy.
Traders stay to trade in gold and silver and waiting for the US Federal Reserve Report.
In this time we cannot see any big movement in the copper because copper consumption in asia down and only china is country that continuing demanding of copper, that’s way the copper price depending on china demand as well as in Asia.
Today crude oil rose nearly .5% in Indian commodity market, but according to the Iranian oil minister if the crude oil gets 5500 in next few days than it may continue climb and make high position.