Precious metals extended a decline to the lowest in a week as investors weighed the health of the global economy against tension between Ukraine and Russia. Actively traded Gold contract tested a low of 1274.60 before settling at 1276.70, eased 0.76% or 9.80 points and Silver dropped around half a percent or 7 cents to trade at 19.415 an ounce after having tested a low of 19.385. with the exception of Nickel, Base metals are trading higher since morning and Zinc is leading the group, surging over a percent or 23.25 points to trade at 2379.25 and Copper is up 19.25 points or 0.28% to trade at 6962.25 after having tested a high of 6980.00, followed by rest of the metals which are gaining around half a percent each. WTI Crude Oil is trading down and retreat from two weeks high due to weaker manufacturing data from the world. Front month Crude Oil is trading down at 95.49, ease around half a percent or 46 cents per barrel and Natural Gas is plunging more than a percent or 5 cents to trade at 4.017 per mmbtu.
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