Precious metals are trading lower with Gold slipped 0.21% and Silver fell more than a percent to trade at 1348.80 and 21.36 an ounce. The near term outlook remains cautious and we can see prices moving in a range for the day. Nonfarm payroll is a major release from US and we expect this data to set direction for prices. Crude Oil prices are still trading in green with a gain of 0.20% at 101.75 and Natural gas is at 4.62, lower by 0.82% as we write this. Base metals declined significantly in last hours, Copper on LME is trading at 6936.0, -1.59% and Nickel is at 15382.0, -0.92% as we write this. Intraday outlook remains negative for base metals.
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