Precious metals on CMX are trading lower since morning with Gold trading at 1319.70, down 4.70 points or 0.35% after having tested a low of 1314.20 while Silver tested a low of 21.62 before settling at 21.815, lower by 0.38% or 0.08 points an ounce. With the exception of Copper, Base metals are trading higher due to stronger demand from the top consumer of industrial metals. 3-month Nickel is leading the metals group, up a percent or 136 points while Copper tested a high of 7220.00 before settling at 7189.50 per metric ton. Crude Oil and Natural Gas prices on NYM are trading in green with Crude Oil logging gains of just 0.14% or 14 cents at 102.5 and Natural Gas is at 5.76, significantly up by 3.69% as we write this. Intraday outlook for Crude oil stands negative while that for natural gas is bullish.
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