Bullion prices are trading down today, the most actively traded Gold contract on CMX is trading at 1368.4, -5 points or 0.34% and Silver is at 23.20, down by 0.22%. The near term outlook remains negative for Gold and Silver, following the upbeat economic data from US, released last evening. A better economy data may lead fed reserve to reduce its bond buying program shortly. Crude oil and Natural Gas prices are trading mixed with Oil prices trading at 108.70, up by 34 cents while Natural Gas is trading down by 0.14%. Base metals on LME are trading positive with Lead, Nickel and Zinc gaining over a percent each and Copper is at 7181.0, up by 0.66%. The intraday bias remains positive for Base metals.
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