Precocious metals on COMEX are trading lower since morning and extending their last two sessions steep decline due to improved economic outlook for the world largest economy US amid a easing of Ukraine tension. Actively traded Gold contract tested a 16 month low of 1250.90 before settling at 1253.00, down 6.30 points or half a percent and Silver futures fell around a percent or 16.4 cents to trade at 18.895 an ounce. Base metals are plunging since morning with Copper trading at 6891.75, eased 0.70% or 48.25 points after having tested a low of 6872.00 while Nickel is losing most of the ground, tumble more than 2% or 403 pints to trade at 18842.00, followed by rest of the metals. WTI Crude Oil is trading silent at 102.83 after the last session sharp decline while Natural Gas is trading at 4.61 per mmbtu.
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