Precious metals on CMX are continuing their gaining momentum due to geopolitical tension in Iraq which spurred demand for the safe heavens. Actively traded Gold contract tested a high of 1285.10 before settling at 1281.70, up 0.61% or 7.80 points and Silver is trading at 19.73, up 7 cents or 0.36% after having tested a high of 19.875 an ounce. Base metals gained on the London Metal Exchange on the back of better than the expected industrial production from the world largest consumer of base metals. 3-month Nickel is leading the metals group, surge around 2% or 356 points to trade at 18438.00 and Copper is gaining around a percent or 66.50 points to trade at 6708.50, followed by rest of the metals. WTRI Crude Oil is trading flat at 107.03 with positive bias and Natural Gas rose 3.4 cents or 0.72% top trade at 4.773 per mmbtu.
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