Monday 25 March 2013

Commodity Market Update (Golod)

Gold and Silver prices are trading mixed with Gold spot on international exchange is at $1605.65 which is lower by 0.20% or $3.00 from its previous settlement of $1608.55 while Silver spot prices are at $28.79, adding 0.20% or 6 cents at the time of writing this. We expect prices to remain in a range with traders waiting for the comments from Fed Chairman Ben Bernanke to be delivered late today. On base metals prices are trading lower across the LME with Copper trading at $7655.00, almost flat while Aluminum, Zinc and Nickel are trading lower by more than half a percent each. Energy prices are trading positive since morning with Crude Oil near month contract trading at $94.14, up by 0.46% and Natural Gas is higher by 0.75% or $3.955.

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