Precious Metals are trading flat in a narrow range with Gold trading down by a dollar and Silver is up by a cent to trade at 1316.30 and 21.78 respectively. Intraday bias remains neutral and we can see prices trading in a tight range. The evening releases of US Jobless data and GPD figures are the important events that can set direction for the prices in coming hours. Base metals are trading in red on LME, as prices erased its early gains and trading lower as we write this. The three-month Copper is the only metal to trade marginally higher at 7126.0 while all other metals are trading lower with Nickel down by a percent at 14004.0. Crude Oil and Natural Gas on NYM are at 95.01 and 3.52 respectively. Crude Oil prices are trading down by 0.14% while Natural Gas prices are up by 0.69%. We expect Crude Oil prices to trade with a negative bias in the coming sessions.
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