Monday 18 March 2013

Commodity Market Update (Gold)

Bullions are trading mix today with actively traded Gold futures on COMEX is adding more than $11.00 or 0.70% and trading at $1603.60 while Silver near month contract is at $28.81, down by 0.20% or 5 cents at the time of writing this. Base metals are sharply lower all over the LME with Copper at $7604.00, down by almost 2%, followed by rest of the metals. We expect metals prices to remain bearish in near term. Crude Oil on NYMEX is at $92.36, down by 1.17% or $1.09 while Natural Gas futures are at $3.916 which is trading higher by 1.16%.

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