Precious metals on CMX are trading higher since morning as gold consumption and production in China expanded to records. Actively traded Gold contract is gaining to 1274.00, up almost a percent or 11.10 points while Silver is adding 1.12% or 22 cents to trade at 20.17 an ounce. With the exception of Aluminum, Base metals are extending their last session’s gains with Copper trading at 7140.00, up 7 points after having tested a high of 7168.00 while Nickel is up half a percent to trade at 14223.00 per metric ton. NYMEX Crude Oil plunged from its six weeks high of 100.46 and trading in red at 99.20, down 0.70% or 69 cents per barrel while Natural Gas tested a low of 4.626 before settling at 4.721, down 1.13% or 0.054 cents per mmbtu.
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