Precious metals prices are trading marginally higher as prices recovered after a sharp decline in the past session. Gold prices on CMX are trading at 1195.0, up by a dollar while Silver is trading higher by half a percent at 19.27 an ounce. The near term outlook seems negative and we recommend traders to ignore risky buys at this level. Base metals on LME are trading in green with Zinc gaining the most by 1.14% or 22 points, followed by rest of the metals. Copper prices are trading at 7253.0 with an intraday high of 7260.0, +0.40% at the time of writing this. Crude Oil and Natural Gas prices on NYM are at 98.62 and 4.47 respectively. Crude Oil is trading down by 0.32% while Natural Gas is trading up by 0.32%. Intraday view remains neutral for Crude Oil and bias for Natural gas stands positive.
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