Monday 6 May 2013

Commodity Market Update (Gold)

Precious metals are trading higher, the recent delivery Gold futures are at $1474.00, adding 10 points at the time of writing this. Silver contract for recent delivery is higher by 0.63% or 15 cents, we expect prices to trade in a tight range as lack of macroeconomic release from US  may keep market silent. On base metals prices are nominally positive to trade in a tight range due to close of LME today, Copper is at 397.15, up by 0.65% and followed by all other metals. On Energy section Crude oil and natural gas is trading mix with Oil prices are at $96.16, up by 0.58% while Natural Gas prices are at $4.00, lower by 0.90%.

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