Precious metals on COMEX are trading silent since morning after the last day’s steep gain on the back of weaker than expected economic releases from US. Actively traded Gold contract is down 3.30 points or 0.26% to trade at 1258.80 while Silver is trading at 19.96 with a minor decline of 0.27% or 6 cents an ounce. Base metals are extending their losses on LME due to weaker demand from the world largest economies. 3-month Zinc is leading the group, down 0.76% or 15.75 points to trade at 2028.25 while Copper is down 20 points or 0.29% to trade at 7194.50, followed by rest of the metals which are losing around half a percent each. NYMEX Natural Gas is continuing their gains for the straight four days on the back of cooler weather forecast for this month and trading at 4.87, gain more than 3% or 15 cents per mmbtu while Crude Oil is trading flat at 97.27 after having tested a high of 97.80 per barrel.
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