On COMEX, precious metals are trading mixed
since morning ahead of FOMC Meeting Minutes release. Actively traded
Gold trading at 1292.30, down 2.20 points or 0.17% while front month
Silver futures rose 2 cents to trade at
19.42 after having a small range of trading sessions. Base metals are
tumbling on the LME and continued their previous session losses. 3-month
Nickel is worst performing among the group, plunged 1.77% or 353 points
to trade at 19541.00 while Copper and other metals followed the Nickel
and losing more than half a percent each. WTI Crude Oil climbed to the
highest intraday level in a month after industry data showed crude
inventories slid in the US and trading at 103.11, up 0.78 points or
0.76% per barrel while NYMEX Natural Gas is trading silent at 4.545 with
negative bias. EIA is set to release their weekly Crude Oil Inventories
report tonight at 8.00PM with analysts forecast of +0.01 Mbd.
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