Precious metals on COMEX are trading lower since morning after the last sessions’s steep gain on the back of weaker global economic outlook. Actively traded Gold contract tested a low of 1217.60 before settling at 1222.10, down 3.30 points or 0.30% an ounce and Silver is trading at 17.305, losing 0.65% or 11 cents after having tested a low of 17.205 an ounce. WTI Crude Oil tested two years low of 83.59 before settling at 84.74, fell 1.25% or 1.06 points while Natural gas is trading flat at 3.845 per mmbtu. Base metals are trading in red with Copper leading the laggards by decline over a percent. The bias remains negative for base metals
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