Precious metals are trading in green with Gold front month contract trading around 1289.30, +4 points or 0.30% and Silver is up by 1.16% or 22 cents at 19.74 an ounce. We expect prices to remain mixed with traders looking for the weekly jobless data, scheduled at 6.00 PM today. Base metals across the LME are trading firm with Copper gaining almost 2% at 7159.25 and are likely to continue its gain in near term. Other base metals are also lower following Copper with Nickel at 14216.0 and Lead at 2136.0, up by 1.85% and 1.35% respectively. On NYM, Crude Oil is trading at 104.20 and 3.22, lower by 0.17% and Natural Gas is down by half a percent. Market will be waiting for the Natural Gas storage report to be released at 8.00 PM.
Data to watch: Unemployment Claims, Natural Gas Storage.
Data to watch: Unemployment Claims, Natural Gas Storage.
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