Precious Metals Futures Update

Precious metals remain in bullish territory, with new highs expected today.

Any further weaknesses in the dollar should add momentum and provide more lift to the market.

Much of the physical buying in the Gold markets came as the Asian equity markets put in a strong session, with especially the Indian Nifty 50 market putting in a strong showing.

This spurred renewed buying and we expect the highs to be broken in today's session.

We favor trading Gold and Silver from the long side, anticipating the upward momentum to continue.

We will be looking for fresh longs on any setback towards 656.00 in April gold for a further extension to the upside.