Commodity Market Update (Crude Oil):

Gold and Silver prices were trading lower in the early morning session but later on recovered all of losses and trading in flat with positive bias. Gold trading at 1301.00, up 0.70 points after having tested a low of 1293.50 and Silver is up 0.16% or 3 cents to trade at 19.52 an ounce. Base metals were trading lower on LME but later on eased all losses and trading in green except Nickel which is trading at 17607.00, down 0.70% or 125 points. Copper tested a low of 6546.00 before settling at 6581.25, up 21.25 points or 0.34% per metric ton, followed by rest of the metals. WTI Crude oil is gaining 0.87% or 90 cents to trade at 104.63 while Natural Gas is losing 0.63% or 3 cents to trade at 4.539 per mmbtu.