Bullion prices are trading silent with a negative bias since morning. The most actively traded Gold contract is at $1387.10, lower by half a dollar and Silver contract is lower by 0.18% at the time of writing this. We expect prices to remain lower; Gold prices may take support around $1365.00 and Silver around $21.80 an ounce. Base metals across the LME are tradinglower with the exception of Copper which is at $7107.25, up by just 16 points. Nickel and Aluminum are down by 0.94% each at $14200.00 and $1843.25 respectively. Current outlook for base metals is bearish as prices are continuing their downtrend after a nominal recovery. Crude Oil and Natural Gas prices are trading lower on NYMEX Crude Oil prices are at $98.00 and Natural Gas is at $3.77, up by 0.16% and 1.21% respectively.
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