Precious metals on CMX are trading lower since morning due to Ukraine tension weighed. Actively traded Gold contract is trading at 1284.00, down 7.70 points or 0.60% after having tested a low of 1281.80 while Silver tested two weeks low of 19.245 before settling at 19.285, down 0.71% or 14 cents an ounce. Base metals are rallying on the London Metal Exchange on the expectation of increased demand from China. 3-month Zinc is leading the group, up 10 points or half a percent to trade at 2091.00 and Copper tested a 11 weeks high of 6966.00 before settling at 6935.50, up 22 points or 0.32%, followed by rest of the metals. WTI Crude Oil is retreating from its five week high and trading in red at 104.08, down 0.26% or 27 cents while Natural Gas is trading at 4.392 with a meager decline of a cent per mmbtu.
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