On CMX, Gold and Silver advances since morning as World Bank’s cut Global Growth forecast which spurred the demand for the safe heavens. Actively traded Gold contract tested a high of 1264.90 before settling at 1262.70, up 2.60 points or 0.21% and Silver is up 5.2 cents or 0.27% to trade at 19.22 an ounce. WTI Crude Oil prices are trading flat ahead of EIA’s Oil Inventories report and OPEC’s meeting. NYMEX Crude Oil is trading at 104.64, up 29 cents per barrel while Natural Gas is trading flat at 4.528 with negative bias. Base metals are losing since morning due to stronger dollar against the other currencies. 3-month Nickel is losing most of the ground, slashed around 2% or 361 points to trade at 18339.00 and Copper is trading at 6680.75, down 0.24% or 16 points, followed by rest of the metals which are losing around a percent each.
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