Commodity Market Update (Gold)

Precious metals are trading lower on Monday, as investors looked ahead to key U.S. data later this week for further indications on the strength of the economy and the timing of an interest rate hike. Actively traded Gold contract is trading at 1198.60, down more than half a percent or 6 points to trade at 1198.60 an ounce whereas Silver futures eased 0.56% or 9 cents to trade at 16.285. WTI Crude Oil futures rose around a percent or 52 cents to trade at 52.16 after having tested a high of 53.10 per barrel while Natural Gas is trading down at 2.50, lower by a cent or 0.40% per mmbtu. Base metals are trading mixed since morning with Copper trading at 6025.00, up 5 points after having tested a high of 6080.00 while Lead is extending its gain to 4 months high of 2013, up 8.50 points.