Gold and Silver advances from a three-week low as crude oil rallied amid signs of rising physical demand. Actively traded Gold contract is trading at 1182.20, up 2.40 points whereas Silver is gaining over a percent or 7 cents to trade at 15.76 an ounce. WTI Crude Oil advanced for the second time in three days as investors weighed a projected decline in US crude inventories against signs that Iraq is joining other OPEC members in defending market share. Light Sweet Crude Oil futures is up around a percent or 51 cents to trade at 55.75 after having tested a high of 56.85 per barrel whereas Natural Gas is gaining on the back of short coverings after the last days steep fall and trading at 3.21, up 2.16% or 7 cents per mmbtu. Base metals are trading mixed on the LME with Copper trading at 6359.75 and Nickel is losing 0.64% or 109 points to trade at 15516.00 while rest of the metals are trading in green.
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