Gold extended a rebound from the lowest level in six weeks after minutes from the Federal Reserve’s January meeting signaled many officials were inclined to keep interest rates near record lows for longer. Actively traded Silver futures contract jumped around 2% or 32 cents to trade at 16.58 after having tested a high of 16.715 an ounce and Gold tested a high of 1221.00 before settling at 1217.50, gaining around 1.5% or 17.30 points. WTI Crude Oil fell for a second day before US government data forecast to show crude stockpiles in the world’s biggest consumer expanded to a record level. Light Sweet Crude Oil futures tested a low of 49.73 before settling at 50.14, slashed around 4% or 1.94 points to trade at 50.23 per barrel. Natural Gas is up 1.17% or 3 cents to trade at 2.864 per mmbtu. Base metals are trading lower since morning with Copper trading at 5715.50, down 11 points while Nickel is losing most of the ground, down 265 points or 1.87% to trade at 13935.00 and lead the group.
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