Friday 8 February 2013

Commodity Market Update (Copper)

Gold prices are trading flat today, unchanged since the last settlement of $1671.30 while Silver futures are trading narrowly higher at $31.505, adding just 10 cents to the previous closing. On Base metals, prices are trading higher with 3-month Copper on LME is at $8235.00, up by 35 points or 0.43% and Zinc is the top gainer to trade higher by 0.74% at $2179.00. On NYMEX, Oil prices are trading a bit higher at $95.96, adding 14 cents while Gas futures are lower by 0.20% at $3.278.

Data to Watch:

US Trade Balance @ 7:00PM

US Wholesale Inventories m/m @ 8:30PM

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