Gold and Silver are trading lower today, the active Gold contract is lower by a percent while Silver is down by 2% at 1409 and 22.89 an ounce respectively on COMEX. Near term outlook for the precious metal is likely to remain negative with a key support for Gold at 1400 mark. On base metals prices are trading negative with Copper at 7156.00, lower by almost 90 points along with all other metals. NYMEX Crude Oil and Natural Gas prices are trading mix with Oil futures trading lower by 66 cents at 93.56 while Gas prices are higher by 0.42% at $4.04.
Data to Watch: US PPI and Crude Oil Inventories.
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