Precious metals are trading with a negative bias with gold trading around 1348.20 and Silver is at 20.71, lower by 0.79% and 0.68% respectively. The near term outlook remains bearish and we can see prices drifting lower in coming hours. Base metals are also trading in red with Copper logging the maximum decline of 0.74% at 6438.0, followed by all other metals and Nickel is at 16211.0, down by 0.28% as we write this. The overall outlook is still bearish and we expect prices to trade with a negative bias for the day. Crude oil prices on NYM are at 99.665, lower by just 5 cents whereas Natural Gas is trading at 4.47, up by 0.30% as we write this. The intraday bias stands negative for Crude Oil and Natural Gas.
No comments:
Post a Comment