Precious metals are trading down today with Gold trading at 1301.0, down by 0.27% and Silver is at 19.84 an ounce, lower by 0.58% as we write this. The near term outlook seems neutral for Gold and Silver and we expect prices to trade in a range for the day. Crude Oil and Natural Gas prices on NYM are trading mixed with Crude Oil trading lower by 0.32% at 100.83 and Natural Gas is trading at 4.49, +1.31% as we write this. The near term outlook is bullish for both the commodities. With exception of Lead and Zinc all other metals are trading in green today. Aluminum is the top gainer to add 0.60% at 1830.25 and Nickel is at 16475.0, +87 points or 0.53% as we write this. Copper prices are nominally higher with a gain of 0.11% at 6620.50. Intraday view on Copper is stil negative and we can see prices drifting lower in the evening hours.
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