Precious metals are trading lower today with the most actively traded Gold contract is at $1377.20, -0.43% and Silver is at $21.70, down by 0.27% at the time of writing this. We expect prices to remian in a range with a negative bias for the day. Base metals across the LME are also trading lower today, three-month Copper is at $7035.00, down by 0.74% followed by other metals in the group which are also similarly lower. Aluminum, Lead and Nickel are lowe by 0.70% each while Zinc is trading down by 0.55% at the time of writing this. Copper prices are trading near a strong support and a break below this will turn near term outlook bearish for the metal. Crude Oil on NYM are trading lower by 0.32% at $97.46 while Natural Gas prices are slightly positive. We expect energy prices to remain in a range for the day.
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