Precious metals are trading marginally lower
with Gold trading at 1304.10, lower by 2 points and Silver is at 19.65
an ounce, down by 9 cents or 0.46% as we write this. Intraday view is
negative and we can see a minor decline
in Gold prices while Silver is likely to take cue from Gold’s move.
Prices on LME are trading in red with Copper remains the only metal to
trade in green while all other metals are trading lower. Nickel is
leading the laggards with a decline of 3.75% at the time of writing
this. On energy complex, Crude Oil prices are at 101.97, -0.39% and
Natural Gas prices are at 4.35, lower by 0.25% at the time of writing
this. On macroeconomic front, US Jobless Claims and Natural Gas Storage
data are scheduled to release today.
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