Capital procure

Gold trading range for the day is 26614-27196.Gold edged up as weak global manufacturing surveys soured appetite for risky assets and pushed investors toward safe havens.Bullion gained drawing support from weak U.S. manufacturing data that raised hopes the Federal Reserve may slow any planned interest rate hikes.SPDR gold trust holdings gained by 1.82% i.e. 12.20 tonnes to 681.43 tonnes from 669.23 tonnes. Hedge funds and money managers boosted their bullish bet in COMEX gold to a 12-week high in the week to Jan. 26, U.S. CFTC data showed
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Nifty opens above 7550 ahead of RBI policy;
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Crudeoil trading range for the day is 2103-2433.Crude oil rallied once again approaches near $36 on hopes of a global deal between oil-producing countries to help tackle a growing supply glut.Russia said that Saudi, had proposed oil production cuts of upto 5% in what would be the first global deal in over a decade to help clear a glut of crude.EIA said on Wednesday that crude oil inventories for the week ending on January 22, increased by 8.4 million barrels from the previous week.Iran is talking of a need to recoup its market share, making the OPEC member a challenge to any deal among producers to fix a supply glut, OPEC said
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Fed policymakers said the economy was still on track for moderate growth and a stronger labour market even with gradual rate increases

Fed left interest rate settings unchanged Wednesday as their first FOMC meeting of 2016 ended amidst global financial turmoil and economic anxiety