On Comex, precious metals are struggling as the US dollar edged higher amid growing prospects that the Federal Reserve would raise interest rates. Gold future prices are trading at $1185 per troy ounce, down by four-and-half dollars while Silver future prices are trading at $16.61 per troy ounce, lower by eight cents. On Nymex, WTI Crude Oil prices edges lower by more than one percent to trade at $59.63/bbl after Friday’s robust gain. Natural Gas is trading at $2.64/mmBtu with flat note. On LME, all the base metals are trading in red except Nickel as China’s PMI weakens demand outlook. Copper is currently quoting at $5997 per tonne, down 20 points while Nickel is trading at $12615 per tonne, higher by 15 dollars. Lead and Zinc are trading at $1922 and $2154, down by 22 dollars and 30 dollars respectively.
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