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News in headlines:

* Gold Heads for Third Weekly Advance as Inflation, Fed in Focuss

* Oil nudges up, set for biggest weekly loss since March on possible Iran supplies

* Oil falls 2% on possible return of Iranian supply

Chart of the day:

The day trend in GOLD is indicating sideways to upside move and breaking the trendline resistance with good volume so one can go long it.

Technical View:

* Bullion: Day trend is indicating sideways move in Gold and Silver.

* Energy: Day trend is indicating mixed move in Crude oil and Natural Gas.

* Base metals: Day trend in base metal is indicating mixed move.

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