Precious metals on COMEX are trading lower since morning on the speculation that Federal Reserve may cut its stimulus. Actively traded Gold tested a low of 1291.50 before settling at 1300.60, down 0.68% or 8.7 points an ounce and Silver is down 0.73% or 0.16 points to trade at 21.62 after having tested a low of 21.37 at the time of writing this. LME Base metals are trading higher since morning with Copper trading at 7116.50, up 29 points or 0.41% while Lead is the top gaining industrial metal, up 0.63% or 13 points to trade at 2065.00, followed by rest of the metals. WTI Crude Oil is gaining 0.68% or 72 cents to trade at 106.14 on the expectation of dropped in Oil stockpiles by 1.2 mbd against the previous week of 0.2 Mbd while Natural Gas is trading almost flat at 3.74 with a negative bias.
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