Precious metals on CMX are trading lower after
the last session’s steep gain on the back of greater number of Jobless
Claims from US. Actively traded Gold contract is trading at 1292.00,
down 3 points or 0.23% while Silver fell
around half a percent or 9 cents to trade at 19.43 an ounce. Base
metals are extending their last night gains due to improved factory
output from the world largest economies US and China. 3-month Aluminum
is leading the group, surged around 1.5% or 26 points to trade at
1819.75 and Copper is trading at 6918.00, added 0.85% or 58 points after
having tested a high of 6944.25, followed by rest of the metals. WTI
Crude Oil is trading flat at 103.81 with a marginal gain of 6 cents
while Natural Gas is up half a percent or 2 cents to trade at 4.377 per
mmbtu.
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