Commodity Talk: How to trade precious metals this week

Q. Gold and silver prices fell last week, why is that? Also, downbeat US housing data came out too. How does it fit into the picture? What will be the trend this week?

Naveen Mathur:

metals was seen largely on Friday partly due to profit booking moves on mildly upbeat US PMI numbers for last month but the prices still ended up on a weekly average basis.