Friday 31 January 2014

Closing Summary, Market Synopsis: 31st January, 2014


Precious Metals are trading higher today with Gold at 1245.10, up 2.50 and Silver at 19.24, up 11 cents from the previous close. Prices may recover slightly but should decline later into the evening. Base Metals are trading lower today with Lead and Zinc being the worst performers losing over 1.0% each – three month Copper futures are trading at 7058.75, down 38.75 or 0.55%. Prices are likely to remain weak in the evening. Crude Oil is trading at 97.83, down 40 cents or 0.41% and Natural Gas is down 4.86, down 3.0% from the previous close. Oil may move higher whereas Gas is expected to weaken further.
Photo: Closing Market Update:
Precious Metals are trading higher today with Gold at 1245.10, up 2.50 and Silver at 19.24, up 11 cents from the previous close. Prices may recover slightly but should decline later into the evening. Base Metals are trading lower today with Lead and Zinc being the worst performers losing over 1.0% each – three month Copper futures are trading at 7058.75, down 38.75 or 0.55%. Prices are likely to remain weak in the evening. Crude Oil is trading at 97.83, down 40 cents or 0.41% and Natural Gas is down 4.86, down 3.0% from the previous close. Oil may move higher whereas Gas is expected to weaken further.

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