Commodity Market Update (Gold)

Gold and Silver are advances for the first time in four days in CME on speculation that a decline to an eight-month low will spur more purchases. Actively traded Gold contract tested a high of 1238.00 beforesettling at 1235.80, up 4.30 points or 0.35% and Silver is trading at 18.68, gaining around half a percent or 8 cents to trade at 18.68 after having tested a high of 18.71 an ounce. WTI Crude Oil is continuing its last week decline and trading in red at 91.32, down more than a percent or 94 cents after having tested a low of 90.63 per barrel while Natural Gas is trading up 0.80% or 3 cents to trade at 3.89 per mmbtu. Base metals fell to the lowest level in more than five months on signs demand growth is weakening in China, the biggest consumer of metals and on speculation US borrowing costs may rise next year. 3-month Aluminum is losing most of the ground, tumbling 1.35% or 27 points to trade at 2011.50, followed by rest of the metals which are down more or less a percent each.