Precious Metals are trading sharply lower today, the near month contract on COMEX is at $2124.90, down by $50.00 or 3.91% and Silver is down by 5.71% or more than a dollar at $18.43 an ounce at the time of writing this. Prices are expected to move lower in coming session as the overall outlook remains negative for Gold and Silver. On NYM, Crude oil and Natural gas prices are trading mix with Oil active contract is at $94.92, lower by 0.40% while Natural Gas prices are at $3.65, up 0.11%. We maintain a neutral outlook on energy complex and traders will be looking for the release of US Crude oil storage report which is scheduled at 8.00 PM. Base metals across the LME are trading lower with the exception of Aluminum. Copper is at $6738.00, lower by 0.50% while Aluminum is at $1780.00, up by just $2.00.
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