PRECIOUS METALS::: Gold futures is trading at 1324.65, 0.35% below from its previous close. The precious metal is likely to dance on the tunes of Producer price Index that gauges for a change in input prices of raw, semi-finished or finished goods and services. On hourly scale, the precious metal is trading near the kissing distance of its 200 hours Exponential Moving Average. RSI is trading near 34.69 levels showing no signs of divergence and oversold that might drag it to more downside. MACD has given a bearish crossover.