Bullion prices are trading in green today on back of short covering after sharp decline in the previous sessions. The most actively traded Gold is at 1253.0, +12 points or a percent and Silver surged 1.27% or 24 cents at 20.13 an ounce. The intraday view remains negative and we can see prices retreating from the current level in the evening hours. Support for Gold comes at 1238.0 and 1225.0 and that for Silver is at 19.75 an ounce. With an exception of LME Zinc all other metals are trading higher at the time of writing this on LME. Copper is at 7106.0, +6 points and we expect it to gain further in the coming sessions. Other base metals are also likely to trade similarly, taking cue from Copper. Crude oil and Natural Gas prices on NYMEX are at 94.57 and 3.87, higher by 0.57% and 0.98% respectively. Intraday view remains positive for Crude Oil and Natural gas.
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