Commodity Market Update (Silver)

Gold prices held below the 1200 level on Tuesday, as a broadly stronger U.S. dollar curbed the appeal of the precious metal. Actively traded Gold contract is trading up 0.37% or 4.40 points to trade at 1198.00 while Silver is gaining around a percent or 13 cents to trade at 16.02 an ounce. Base metals declined on Tuesday, as jitters over a bond default in China's construction sector weighed. Copper is losing around half a percent or 25 points to trade at 5968.00, followed by rest of the metals which are trading almost flat with negative bias as we write this. Crude Oil is trading down 23 cents or 0.41% to trade at 56.15 after having tested a low of 55.75 per barrel while Natural Gas is adding around a percent or 2 cents to trade at 2.557 per mmbtu.