Precious metals are trading down today with the most actively traded Gold contract is trading near 1318.0, down by 0.32% and Silver is at 21.77, lower by 0.42% at the time of writing this. The near term price action is likely to remain negative and we can see prices drifting lower in coming hours. Base metals on LME are trading in green today. Lead is the best performer to gain more than a percent or 23 points at 2204.50, followed by rest of the metals. Copper is at 7286.0, gaining 0.65%. The intraday view remains positive and prices are likely to move higher. Crude Oil and Natural Gas prices on NYM are trading mix with Oil prices trading higher today with a gain of 0.13% while Natural Gas prices are at 3.56, -0.42%. View on Crude Oil and Natural Gas remains neutral.
On data front, traders will be looking for US ISM Manufacturing PMI, scheduled at 7.30 PM.
On data front, traders will be looking for US ISM Manufacturing PMI, scheduled at 7.30 PM.
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