Precious Metals:
U.S. gold futures for April delivery settled up USD 10.50 at USD 1,606.20, with trading volume about 20 percent above its 250-day average.
Gold prices were up as renewed euro zone worries over weak Italian bond auctions and concerns over Cyprus issue boosted gold's safe haven appeal.
Hopes that Fed will continue its bond buying program at least till the end of the year also supported prices.
Holdings of SPDR Gold Trust GLD, the world's biggest goldbacked exchange-traded were unchanged at 1,221.26 tonnes from a day earlier.
Gold prices are expected to go up as safe haven buying in gold will continue to support prices along with expectations of aggressive easing by BOJ next week in its policy meet.
Gold in India is also expected to go up and a weaker rupee can further push prices up.
Gold for April delivery on the Multi Commodity Exchange (MCX) was up by 0.46% at INR 29,632/10gms.
Energy:
U.S. crude futures for May delivery settled up USD 0.24 at USD 96.58 a barrel, up by 0.25%.
Crude prices were supported on optimism that US economy is recovering which would improve the demand prospects for crude.
However the upside was limited due to a stronger dollar and higher inventories which came at 3.3M.
We expect crude prices to go slightly up as loose monetary policies by US and Japan is likely to support prices.
U.S. natural gas futures ended higher on Wednesday on bullish inventory expectations and chilly weather forecasts for at least the next week.
Natural gas looks strong today as increased heating demand is likely to push prices higher.
Front-month gas futures on the New York Mercantile Exchange ended up 7.7 cents, or 1.9 percent, at USD 4.068 per million British thermal units after climbing late to USD 4.103.
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