Precious metals are trading lower today with Gold futures at $1368.20, -1.30% or $18.00 and Silver is trading at $21.58, down by 1.55% at the time of writing this. Near term view on Gold and Silver is negative with an immediate support for Gold at $1660.00 and that for Silver comes at $21.20 an ounce. Copper and other base metals across the LME are trading down by more than a percent each with nickel is the worst performer to ease 1.80% at $146241.00, followed by Copper which is down by 1.40% to trade at $7087.00 per metric ton. We expect base metals to continue its downtrend with next support for Copper at $6800.00. Crude Oil and Natural Gas prices on NYMEX is also in red with Crude oil active contract trading at $95.47, lower by 0.32% and Natural Gas at $3.77, down half a percent at the time of writing this.
No comments:
Post a Comment