Precious metals are trading lower today, the most actively traded Gold contract is at 1255.4, down by 21.80 points or 1.71% and Silver is at 20.76, lower by -2.78%. The near term outlook remains negative and we can see prices drifting lower in coming sessions. Base metals are trading marginally lower with 3-month Lead is the only metal to trade up by 0.12% at 2137.5 while Copper and Aluminum is trading down by 0.43% each at 7228.0 and 1866.0 respectively. Crude Oil prices are trading down by 0.57% at 101.83 on NYMEX while Natural Gas prices are at 3.84, up by 0.73%. Intraday bias for Crude Oil remains negative with an important support coming around 101.0 level.
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