NEW YORK (Commodity Online): Gold and Silver prices are expected to trade higher on Tuesday led by account of a weaker dollar. Silver will also take cues from upside in gold and base metal prices, said Angel Commodities in a snippet.
Base metals are expected to trade higher on the back of dollar strength coupled with upbeat sentiments in the European markets. But, any negative news and developments could trigger downside pressure on prices.
Angel Commodities expects Crude Oil prices to trade with a positive bias today as sanctions on Iran increased fears of political instability in the country and also created supply concerns. This coupled with expected fall in US crude oil inventories will act as a supportive factor for oil prices.
