Commodity Market Update (Gold)

On COMEX, precious metals are trading sharply higher since morning with Gold trading at 1325.90, up 13.70 or 1.04% after having tested a high of 1333.0 whereas front month Silver futures tested a high of 21.26 before settling at 20.94, gain 2.64% or 54 cents an ounce. On LME, base metals are continuing its last session gaining momentum amid China optimism. 3-month Copper is trading at 7279.50, up 9.0 or 0.12% while Nickel was leading the metals, up 1.11% or 164 points to trade at 14880.0 per metric ton. WTI Crude Oil is trading almost flat at 105.94 with a negative bias after having a zigzag trading session since morning whereas Natural Gas is up 1.15% or 3.7 cents to trade at 3.267 per mmBtu.