ON CMX, Precious metals were trading lower since morning but later on recovered all of their losses and trading in green as we write this. Actively traded Gold contract is trading at 1239.00, up 4.20 points or 0.40% after having tested a low of 1226.10 while Silver tested a low of 16.71 before settling in positive at 17.02, up 3 cents an ounce. Base metals bounced from the more than five years low as credit growth surged in China and the group led by Copper which tested a high of 5699.00 before settling at 5641.00, jumped around 2.5% or 128.75 points. Nickel rose around 2% or 270 points to trade at 14560.00 after having tested a high of 14700.00, followed by rest of the metals which are gaining more or less a percent each. Natural gas extended its gains after the biggest surge in 11 months as a blast of Arctic weather predicted to swoop into the US signaled increased demand after a mild December. Actively traded Natural Gas contract is gaining 2% or 6 cents to trade at 3.292 after having tested a high of 3.312 while Crude Oil fell 1.88% or 88 cents to trade at 47.60 after having tested a low of 47.16 per barrel.
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