Gold dropped 23 percent last quarter as Bernanke said that the Fed bank may reduce its $85 billion of monthly asset purchases this year. Minutes of a Fed policy meeting that showed many officials wanted to see more signs of improving employment before backing a cut in bond buying.

Last Week MCX Gold August futures sustained above the level of 25850 and by breaking the upper level of 26430 it touched the level of  26850. Here it took resistance and came down. Next week if it sustains above the level of 26430 then by breaking the level of 26890 it may touch the level of 27250. But if it fails to sustain above 26430 then may touch the level of  then it may test the level of 25311/25200.

MCX Silver also sustained above the level of 39800 and it broke the level of 40800 and touched the level of 41900. For silver 42800 may act as good resistance.  For the next week traders can use sell on higher level strategy, if MCX Silver September futures sustains below 41080 then it could test the levels of 40340/ 39900.

Brent crude oil remained steady below $108 a barrel on Friday, after falling from a three-month peak in the previous session as the prospect of more supply from non-OPEC producers and concerns about China's demand growth capped gains. Investors also booked profit on Thursday after a three-week rally on political uncertainty in Egypt, declining U. S. crude oil inventories and a weaker U. S. dollar which earlier pushed prices high. Last week MCX crude faced resistance from the level 6400 and it sustained in the range of 6200-6400. Next week if it sustains below the level of 6250 then it may go for sell below 6150. The next support is at  6070/5910.

Copper swung between gains and loses on its way to a weekly advance amid concern that slowing economic growth in China will hurt demand for metals. Two gauges of China's manufacturing fell last month and factory-gate prices for June marked the worst run of declines since 2002, data showed this month, underscoring a sustained slowdown in the world's top metals user. Trend of MCX Copper future is consolidate and also sustaining between the level of 407-424. So, for the coming week, it could face major resistance of 426/ 435 whereas 404/ 393.30 could be a major support in MCX Copper. For the next week trader may go for buy on lower levels, if MCX Copper future sustain above 420 then it may cross the level of 426 it may touch the level of 435/442.