Friday 31 May 2013

Commodity Market Update (Copper)



On CMX, precious metals were trading higher in the morning session but later on eased its gain and are trading in red at the time of writing this. Gold is trading lower at $1409.90, down by $2.10 or 0.14% and Silver futures fell 0.75% or 17 cents to trade at $22.52 per ounce. On LME, base metals are trading mixed with Copper losing more than half a percent or $38.75 to trade at $7265.00 after having tested a low of $7251.25 while Lead is gaining to $2165.0, up 0.24% or $5.25 per metric ton. On NYMEX, energy prices are trading lower since morning with Crude Oil trading at $92.85, down 0.85% or 80 cents while Natural Gas is trading at $4.01 with a minor decline of a cent or 0.20% per mmBtu.

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