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* Gold was confined to a narrow range for a fourth day, with traders waiting for the release of US data that may provide fresh clues on the timing of the Federal Reserve’s interest rate cut.

* US factory orders and nonfarm payroll figures due this week should help build a clearer picture of the world’s largest economy and the subsequent timing of a widely expected pivot to easing by the US central bank.

* Meanwhile, Fed Chairman Jerome Powell said on Tuesday that the latest economic data suggested inflation was back on a downward path, while cautioning that officials would like to see more evidence before reducing rates.

* Crude oil climbed to near a two-month high on Tuesday, indicating a significant drawdown in US crude stockpiles. The API reported that crude inventories shrank 9.2 mbl last week. If confirmed in official figures later today, that would be the largest drop in barrel terms since January.

* Copper rose for a third day, extending its rebound from a two-month low, as investors weighed possible stimulus measures in China and interest-rate cuts in the US. Hopes for a growth boost announcement from China's Third Plenum policy meeting later this month have also supported copper.

Gold

Trading Range: 71480-72300

Intraday Trading Strategy : Buy Gold Aug Fut at 71550 TGT 71880/72050 SL 71380

Silver

Trading Range: 89450-91080

Intraday Trading Strategy : Buy Silver Mini Aug Fut at 90150-90200 TGT 91080 SL 89580

Crude Oil

Trading Range: 6880-7050

Intraday Trading Strategy : Sell Crude Oil Jul Fut at 7020-7025 TGT 6920 SL 7065

Natural Gas

Trading Range: 197-21

Intraday Trading Strategy : Sell Natural Gas Jul Fut at 212-213 TGT 197 SL 219.80

Copper

Trading Range: 835-859

Intraday Trading Strategy : Buy Copper Jul Fut at 844-845 TGT 853/856 SL 839

Zinc

Trading Range: 263-275

Intraday Trading Strategy : Buy Zinc Jul Fut at 265- 265.55 TGT 269.8 SL 263.0

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