Commodity Market Update (Gold)

Precious metals are trading lower today, Gold is down by 0.13% at 1215.00 and Silver is trading down by 0.89% at 17.69 an ounce. The near term outlook is bearish and we can see prices easing further lower incoming days. On base metals, prices slipped sharply lower today with LME lead declined more than 1.75% or 36 points to 2053.00 and Copper is lower by 1.34% at 6736.00. On NYM, Crude Oil and Natural gas prices are trading in red with Crude Oil at 91.90 per barrel, -0.55% while Natural gas is lower by 0.13% at 3.82 per mmbtu.
Outlook for commodity market remains negative and we can see decline in prices. Base Metals and precious metals are looking much negative.