Gold and Silver prices were trading in advances but later on erased most of the gains and trading almost flat as we write this. Actively traded Gold contract tested a high of 1209 before trading at 1204.10 while Silver is trading at 16.23 after having tested a high of 16.34 an ounce. Base metals on the LME were trading higher in the earlier session as China’s central bank cut its RRR by 100 bps but later on erased most of the gains and trading mixed. 3-month Copper tested a high of 6173.00 before trading in red at 6076.50 while Aluminum, Lead and Zinc are trading in green at 1830.50, 2040.00 and 2227.50 respectively. WTI Crude Oil tested a high of 56.65 before settling at 56.13, up 0.70% or 39 cents while Natural Gas futures dropped 1.67% or 4 cents to trade at 2.59 per mmbtu.
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