Gold and Silver prices are trading significantly lower since morning, the most active Gold contract is at $1372.0, down by 24 points or 1.72% and Silver slumped 2.33% or more than half a dollar to trade at $22.12, with this heavy breakdown in both Gold and Silver we can expect the near term outlook to remain bearish and traders are advice to ignore aggressive longs for the day. Base metals across the LME are trading down today, with Copper is at $7144, lower by 55 points or 0.76% along with all other industrial metals. Energy Prices on NYMEX are trading in red with Crude Oil active contract is at $93.50, down by 0.85% or 80 cents while Natural Gas prices are slightly higher at $4.07, adding 0.17% at the time of writing this.
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