Precious metals are trading slightly lower, with Gold futures trading at $1698.80, down by $3.00 or 0.17% and Silver is trading lower by 0.43% at $32.98 on COMEX. Copper is the only metal to trade in green on LME, up by $2 at $7999.5 while other metals are trading lower, weighed by the last day’s comment from the ECB president for keeping interest rate unchanged. On energy complex, Oil prices are trading slightly lower while Natural Gas is trading lower by half a percent at $86.19 and $3.64 respectively. The near term view for the complex is likely to be range bound with a negative bias.
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