On CMX, precious metals are trading lower since morning after the last session’s steep gain due to concern over Federal Reserve monetary stimulus. Actively traded Gold contract is losing almost half a percent or $5.40 to trade at $1386.50 while Silver is trading slightly lower at $21.75, down 46 cents or 0.21% an ounce. On LME, base metals are trading lower drastically with Copper trading at $7065.75, eased 0.95% or $67.50 while Zinc was losing most of the ground among the industrial metals group, dropped 1.31% or $24.50 to trade at $1845.25. Crude Oil is declining to half a percent or 42 cents to trade at $95.57 after having tested a low of $95.02 on NYMEX while Natural Gas is trading in red at $3.75, down 2 cents or 0.64% per mmBtu. Natural Gas traders are waiting for EIA’s Natural Gas Storage report which is set to be released tonight at 8.00PM while other commodities traders are waiting for US Jobless Claims data at 6.00PM.
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