Precious metals on COMEX are trading between gains and losses since morning due to uncertainty over US debt ceiling limit. Actively traded Gold contract is up 1.40 points or 0.11% to trade at 1311.30 while Silver is trading flat at 21.77 with positive bias. Industrial metals are tradinglower as Republican House Speaker commented that political deadlock will not resolved by October 17. Copper futures on COMEX are trading at 3.277, down 0.71% or 2.45 cents. WTI Crude Oil is trading lower as oil production in the Gulf of Mexico resumed after Tropical Storm weakened. Crude Oil is trading at 102.77, down 1.08 points or 1.04% after having tested a low of 102.50 while front month Natural Gas is trading in green at 3.54, up a percent or 0.03 points per mmBtu.
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