Precious metals on CMX are losing since morning and continue their declines for the last three days. Bullion prices are down as Federal Reserve cut stimulus by $10 billion and indicates that they will raise interest rate next year. Actively traded Gold contract is trading near three weeks low of 1327.90, down a percent or 13.40 points while Silver is trading down at 20.325, plunged around 2.5% an ounce. Base metals prices on LME are tumbling since morning due to stronger dollar against the other currencies. 3-month Copper is losing most of the ground, down around 2% or 128.00 points to trade at 6452.25, followed by rest of the metals which are down more or less 1.5% each. WTI Crude Oil is trading at 100.15, down 0.22 points while Natural Gas eased 1.50% or 6.7 cents to trade at 4.417 per mmbtu.
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