Strength in US dollar is continued to weigh in case of the gold and silver prices. Gold is trading at a six-month low in the global market.

There is a constant decline come in for India as well. Silver has not been able to hold above Rs 40,000 mark for last four or five sessions now.

Crude oil prices are in focus and is trading a percentage point higher in the global markets.

The OPEC meeting is currently underway and the expectation is that there might be some increase in the supplies, but how much increase is not clear and that is what the crude prices are reacting to.

It is a weekly decline for many of the base metal prices. Steel is headed for the worst weekly decline in last two months. The prices have gone down 3 percent.

Copper prices are trading very flat and it is also down for a second straight week. Zinc is trading nearly eight-month lows.

Commtrendz recommended a buy on gold and copper, and sell on crude.