Globally, spot gold prices rose over 1 per cent.

The yellow metal touched a record high of Rs 34,470 per 10 gram, a gain of over Rs 200.

Domestic gold prices tracked overseas prices and remained higher during the week gone by.

Brent August 2019 contract on ICE could remain in the range of $57-$64 this week.

Weaker-than-expected US jobs data propelled gold prices to three-an-a-half months high.

Strategy for MCX Copper June 2019 is Sell on rise in the range of Rs 427-428 with a stop loss of Rs 433 and a target price of Rs 418.

The strategy for MCX Gold June 2019 contract would be to buy in the Rs 31,850-31,900 range.

Chinese is steering more money towards consumption rather than heavy industrial sectors.

The slow progress of US-China trade talks is likely to drag on for a couple of months.

Traders have increased their long only trades by 5 per cent last week, the most since July.

Bullish trend in gold is expected to continue, both fundamentally and technically.

Traders can look at creating longs only when WTI crude is trading close to $50 a barrel.

Aluminium and steel are expected to continue their uptick, but traders need to be careful.

The Opec and allied nations have reaffirmed their commitment to head off any supply glut.

Unless some of the negative news abate, some more selloff could be seen in base metals.

Momentum on downside has been strong and one should avoid catching the low in the market.

The rupee on Friday posted a mild recovery after hitting its all time low level a day ago.