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Aluminium Updates From the low of 96.65 MCX Aluminium did a multi-month rally. The rally turned out to be a three-wave rise where the third leg almost achieved 1.618 times the equality of the first leg. The base metal hit the long-term falling trendline.

European equities are trading higher on the back of Federal Reserve’s decision to maintain the pace of QE until the economic conditions stabilizes. Asian markets also traded on a positive note and US futures are also trading in the green. UK Retail.

Spot gold prices declined 0.8 percent today on the back of fall in SPDR Gold holdings. However, upbeat global market sentiments and weakness in the DX prevented sharp fall. In the Indian markets, gold declined by around 2 percent due to Rupee appreciation.

Bullion Updates:  Gold slumped heading for its biggest weekly loss in more than two months, on speculation the U.S. Federal Reserve will taper asset purchases and as Goldman Sachs Group Inc. predicted further declines. Bullion for immediate delivery.

FOREX Updates: The dollar traded near 100 yen amid speculation signs of improvement in the U.S. economy will compel the Federal Reserve to taper its quantitative-easing program as early as this month. The greenback advanced toward a six-week high.

European markets are trading on a negative note today as US is moving closer towards a war with Syria. US stock futures trading on a flat note and Asian markets ended on a mixed note. Spanish Services Purchasing Managers' Index (PMI) increased by 1.9.

COMEX Gold Silver Updates With the Chinese economy obviously turning away a sharp downturn as reflected in the manufacturing plant information perusing at 50.1 for August, copper and silver fates got on the Comex. The overview turned out emulating.