Precious metals on CMX are trading lower since morning as US Federal Reserve cut their stimulus for the second time to $65 billion as economy is improving. Actively traded Gold contract tested a low of 1255.10 before settling at 1256.20, down almost half a percent or 6.0 an ounce while Silver is down around a percent or 16 cents to trade at 19.39 after having tested a low of 19.275. Base metals prices on LME are extending their last session’s losses since morning with Copper trading at 7123.00, down 5.75 points while Lead is losing most of the ground, ease almost a percent or 21 points to trade at 2125, followed by rest of the metals. WTI Crude Oil is gaining more than half a percent to trade at 97.88 while Natural Gas declined from its 4 years high to trade at 5.26, plunge around 4% or 20 cents per mmbtu on NYMEX.
Precious metals on CMX are trading lower since morning as US Federal Reserve cut their stimulus for the second time to $65 billion as economy is improving. Actively traded Gold contract tested a low of 1255.10 before settling at 1256.20, down almost half a percent or 6.0 an ounce while Silver is down around a percent or 16 cents to trade at 19.39 after having tested a low of 19.275. Base metals prices on LME are extending their last session’s losses since morning with Copper trading at 7123.00, down 5.75 points while Lead is losing most of the ground, ease almost a percent or 21 points to trade at 2125, followed by rest of the metals. WTI Crude Oil is gaining more than half a percent to trade at 97.88 while Natural Gas declined from its 4 years high to trade at 5.26, plunge around 4% or 20 cents per mmbtu on NYMEX.
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