Gold prices slipped more than 4% overnight as global equity markets saw some sharp rise with the Federal Reserve meeting scheduled ahead this week. Safetrade Advisors' chief executive officer, N Prasad felt that the little risk for Libya and European market seemed to have settled due to which the gold prices are witnessing sharp falls. Prasad explained, "The risk factor is getting eroded over gold causing its prices to drop." The crude oil prices have been on elevated levels for a long time. Prasad expects crude to touch around USD 91 per barrel internationally and around Rs 4,100 in India. According to Prasad, crude should jump up to 61.8% of its fall from 4,300 levels to 3,537 levels. He suggested a buy on crude around 3,920 levels on Multi Commodity Exchange (MCX) for a target of around 4,000 levels late in the evening.

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