Precious metals are trading in red with Gold down by 0.18% and Silver is lower by 0.93% at 1332.50 and 21.69 an ounce. Prices are moving lower on back of profit booking after last session’s gains. Overall outlook remains positive and we can see prices moving higher in near term. Crude Oil prices are trading down with a decline of just 0.57% or 59 cents at 102.23 and Natural Gas is at 5.35, lower by 1.67% as we write this. Intraday view on energy complex remains negative while overall view is still positive on Crude Oil and Natural Gas. Base Metals prices on LME are trading mixed with Copper trading down by 0.61% and Nickel trading lower by 0.78% at 7056.0 and 14270.0 respectively. Lead and Zinc prices are marginally higher at the time of writing with Lead trading up by 0.07% at 2136.0 and Zinc trading up by 0.05% at 2046.00.
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