Precious metals are trading lower today with Gold trading lower by 0.47% to 1224.0 an ounce and Silver is at 19.52, down by 19.52 level. The near term outlook remains negative and we expect prices to trade lower in the coming hours. Intraday bias stands negative for Gold and Silver. Crude Oil and Natural Gas on NYM are at 94.01 and 4.34 with gains of 0.18% and 1.14% respectively. The weekly release of US Crude Oil Inventories will set further direction for Crude Oil while bias for Natural Gas remains positive. Base Metals on LME are trading mixed with Copper down by 0.09% at 7343.75 along with all other metals which are trading similarly lower. Zinc remains the only exception to trade in green with a change of 0.25% at 2046.0.
No comments:
Post a Comment