Precious metals are trading marginally higher with Gold trading up by a dollar at 1244.80 and Silver is up by 2 cents at 19.96 an ounce. The overall view remains negative for precious metals and we expect prices to drift lower in the coming hours. Base metals on LME are trading in green with Aluminum is at 1787.0, up by 0.13% and Copper is at 7075.0, higher by half a percent as we write this. Intraday bias remains positive for Base metals. Crude Oil prices on NYM are trading down at 95.15, -30 cents while Natural Gas prices are up by 0.80% at 3.73. We expect Crude oil prices to remain lower for the day while bias for Natural Gas remains positive. On data front, there are no major releases today that can set short term direction for prices.
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