Commodity Market Update (Gold)

Gold fell as Swiss voters rejected a plan for their central bank to accumulate bullion and Silver slid to a five-year low. Actively traced Gold contract tested a low of 1141.70 before settling at 1163.40, fell more than a percent or 12.10 points and Silver is easing 1.10% or 17 cents to trade at 15.375 after having tested a low of 14.10 an ounce. WTI Crude Oil futures tumbled below $65 a barrel to the lowest level since July 2009 as OPEC unchanged their output. Actively traded Oil futures tested a low of 63.72 before settling at 64.96, tumbling around 2% or 1.20 points per barrel while Natural Gas is extending its decline to one month low of 3.947 and trading at 4.00, dropped over 2% or 9 cents per mmbtu. Base metals are trading lower due to weaker than expected economic releases from China. Copper is down 1% or 65.50 points to 6282.50 after having tested a low of 6230.75, followed by rest of the metals which are declining around a percent each.