Precious metals are trading lower with Gold
trading at 1252.60, down by 0.29% and Silver is at 19.97 an ounce lower
by 0.21% as we write this. The near term outlook remains negative for
Gold and Silver and we can see prices
drifting further down in coming session. Any case of recovery in prices
can also be used as a selling opportunity in Gold and Silver. Crude Oil
and Natural Gas prices on NYM are at 103.13 and 4.57 respectively. Crude
is trading down by 0.43% while NG is u by 0.29%. Base metals on LME are
trading mixed with Copper and Nickel trading in green while other three
metals are in red. Copper is at 6898.0, +0.32% and Nickel is at
19000.0, +0.58% at the time of writing this. The intraday bias is
neutral for base metals.
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