GOLD
Gold prices traded below $1,300 in a consolidated mode due to fall in spot gold prices as the physical demand weaken in top buyer china and dollar strengthening. Economic optimism about the US economy and continues outflows from the SPDR gold trust exerted downside pressure on prices.
Forecast
Gold is expected to trade in a consolidate range from 1250 to 1300.

SILVER
Silver prices were traded in downside pressure this week due to weaken Gold prices, strong Dollar and ease of geopolitical tensions. US and UK markets were closed restricted the participation in turn leading to flat volumes in international and domestic markets.
Forecast
Silver prices is trading in a sideways and expected to between 19.00 to 20.00.

CRUDE
Crude Oil was in a down trend whole week followed by marginal profit booking as per API and EIA inventory forecast in the week ending. In Libya, the crude output still remains a question mark as production at major oilfields are still at halt raising concerns on the supply side.
Forecast
Crude is trading in an upside correction and is expected to cross the level of 105.
DAY's RANGE FOR 2ND JUNE

WEEK'S HIGHLIGHT

• US Prelim GDP declined by 1% in first quarter of 2014.
• LME Copper inventories gained 1.5% yesterday.
• FII inflows jump to Rs.14446.80 crores in May.
• US Pending Home Sales grew at slow pace of 0.4% in April.
• US economic growth estimated at negative 0.6% for Q1 2014.
• LME Copper inventories plunged by 3.8% yesterday.
• German Unemployment Change rose to 24,000 in the last month.
• UK's CBI Realized Sales slumped to 16-mark in the month of May.
• Japan's Retail Sales dropped by 4.4% in the previous month.
• US Core Durable Goods Orders grew by 0.1% in last month.
• Crude oil inventories expected to gain by 0.7 mn bbl.
• UK's BBA Mortgage Approvals declined by 3,700 to 42,200 in April.
• US CB Consumer Confidence grew by 1.3 points to 83-mark in May.
• India's CAD narrows to deficit of $30.7 billion in Q1 of 2014.
• Pro-west candidate's win in Ukraine may reduce gold's safe haven.
• US markets were closed yesterday on the eve of Memorial Day.
• GfK German Consumer Climate unchanged at 8.5-mark in May.
• US Banks closed today on the observance of Memorial Day.
• German Ifo Business Climate fell to 110.4-mark in month of May.
• US New Home Sales increased by 26,000 to 433,000 in last month.