Precious metals are trading lower by half a percent at $1669.70 and Silver is lower by 0.79% at $30.68 on account of profit booking sentiment after the last session's rally and ahead of weekend on COMEX. We expect a minor correction in prices with Gold to test support near $1660.00 while Silver to take support near $30.50, However the long term view on precious metals still remain bullish. Copper prices on LME is trading lower by 0.40% at $8083.00 while 3-month Nickel is the only metal to trade positive for the day. On energy complex, Crude Oil is trading slightly lower at $93.21 while Natural Gas is up by a percent at $3.29 on NYMEX.
Data to Watch:
US Trade Balance
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