Monday 4 March 2013

Commodity Market Update (Gold)

Precious metals are trading slightly higher today with Gold spot prices are at $1578.30, adding $2.14 or 0.13% and Silver spot is trading higher by 0.35% or 10 cents at $28.65 an ounce. Bullion prices may remain a bit higher in coming hours but the overall trend in Gold and Silver is still bearish. Base metals across the LME are trading lower since morning, with 3-month Lead at $2233.50, down by 0.30% and Zinc at $2015.50, lower by 0.22%. Copper is the only metal to trade positive at $7731.00, up by 0.37%. Crude Oil and Natural Gas prices are trading lower with Crude at $90.36 and Natural Gas at $3.43, lower by 0.30% and 0.60% respectively.

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