Precious metals are trading lower since morning with the most actively traded Gold contract on CMX is at $1281.60, down by -0.80% or $10.40 an ounce and Silver is at $19.62, -1.67% at the time of writing this. The near term outlook for Gold and Silver is likely to remain bearish with support for Gold stands at $1250.00 and that for Silver emerges at $19.30 level. Crude oil and Natural gas prices on NYMEX are trading silent with Oil futures are at $93.49, - 20 cents while Natural Gas is at $3.77 with a meager gain. Base metals across the LME are trading negative with Copper at $6653.00, down by 2.79% or 190 points followed by all other metals. We maintain a bearish outlook over the base metals.
No major economic releases for the day.
No major economic releases for the day.
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