Precious metals on COMEX are trading lower as FOMC minutes signaled that policymakers would likely continue to reduce asset purchases. Actively traded Gold contract tested a low of 1308.50 before settling at 1314.80, down 5.60 points or 0.42% while Silver is losing a percent or 20 cents to trade at 21.645 after having tested a low of 21.40 an ounce. with the exception of Aluminum, Base metals are trading lower since morning due to weaker than expected manufacturing data from world largest industrial metal users. 3-month Zinc is leading the group, down 0.62% or 12.75 points to trade at 2043.25 while Copper tested a low of 7113.00 before settling at 7140.25, down half a percent or 33.75 points. WTI Crude Oil is trading flat at 103.24 as oil traders are waiting for tonight’s inventories report while Natural Gas is trading volatile since morning and trading almost flat at 6.178 after having tested a fresh high of 6.40 per mmbtu.
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