PRECIOUS METAL: Safe-haven Gold is marginally inches up on Wednesday but hit 1-month low and slipped $1500 psychological levels. However, today the precious metal trading up ahead of ECB interest rate decision policy, which is expected to cut rates. At the time of writing, U.S. gold futures is trading flat at $1,499.3 an ounce. In MCX, gold prices are likely to open on a weak note amid a weak global trend. However, on MCX, Gold contracts in December closed in red by Rs 223 or -0.57%, at Rs. 38,968 per 10 grams with the turnover of 760 lots, while October contract contracted from the previous trading session with a turnover of 10771 lots. Overall sentiment for gold is neutral with immediate support of 37,900 levels & 37,800 levels while resistance would be 39,100 & 39,300 levels.