Commodity Market Update (Gold)

Precious metals are trading down with Gold trading lower by 0.17% and Silver trading down by 0.06% as we write this. The near term outlook remains negative and we expect prices to drift lower in coming sessions. Base metals are trading significantly lower with Copper down by 1.43% at 6680.0 and Nickel is lower by 134 points or 0.88% at 15130.0 as we write this. Intraday bias remains negative for base metals. Energy prices are also with the most actively traded Crude Oil contract trading lower by 1.27% at 101.28 and Natural Gas is at 4.59, down by 0.50%. Intraday bias is negative for Crude Oil and Natural Gas.