Precious metals on CMX are trading down volatile since morning due to weaker demand from China and weaker than expected economic data from the world largest consumer. Actively traded Gold contract tested a low of 1153.00 before settling in green at 1161.80, up 2.70 points while Silver is trading at 15.735, up 11 cents or 0.72% an ounce. WTI Crude Oil is trading at 76.77, down more than half a percent or 41 cents and Natural Gas fell more than a percent or 5 cents to trade at 4.143 per mmbtu. Base metals swung between gains and losses after data showed China’s factory output growth slowed in October but at the time of writing this industrial metal prices are trading higher. Nickel is gaining a percent or 158 points to trade at 15725.00 and Zinc is trading at 2294.75, up 0.69% or 15.75 points, followed by rest of the metals. Now, traders are looking for US Jobless Claims data which will be released tonight at 7.00PM.
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