Precious metals are sharply lower today; the actively traded Gold on COMEX is trading lower by more than a percent or $19 and trading at $1699.00; prices are likely to test support near $1675.00 while for resistance $1720.00 is a good level. Silver is also down by 2.5% and trading at $32.93. On base metals prices are trading lower with Copper at $8080.00 down by $71.50 or 0.88%. Oil prices are lower by half a percent at $86.26 and Natural Gas prices are lower by 0.24% at $3.373.
Data to watch:
US Unemployment Claims @7.00 PM; Forecast 368,000; Previous 370,000
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