Precious Metals are trading marginally higher today, the most actively traded Gold contract is at 1336.40, +0.19% and Silver is at 22.67, adding 0.23% at the time of writing this. The near term price action is likely to remain positive and we can see prices gaining in coming hours. Base metals on LME are trading in a narrow range with Copper trading slightly down by 6 points or 0.08% at 7170.0 while on the gaining side, Nickel is the top gainer to surge 0.53% at 14600.0. Crude Oil and Natural Gas prices on NYM are trading mixed with Crude Oil trading higher by 97.44, +0.45% while Natural Gas is at 3.58, down by 0.86%. Traders will be looking for the labor and housing data from US which are due to be released later today.
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