Bullion prices are trading slightly higher today with Gold trading at 1298.80, higher by 0.14% or 2 points and Silver is trading up by more than half a percent at 19.46 an ounce. The near term outlook remains neutral for Gold and Silver and we can see prices consolidating in a range in near term. Base metals traders returned bullish after a few days of holiday with Nickel on MCX is trading up by 2.2% or 23 points and Aluminum and Zinc are trading up by 1.20% as we write this. Crude Oil and Natural Gas prices on NYM are at 103.98 and 4.69 with Crude Oil down by 0.39% and Natural gas is lower by just 5 cents. The short term view stands positive for Crude Oil and Natural gas and we can see prices gaining strength in coming days.
Tuesday 22 April 2014
Commodity Market Update (Silver)
Bullion prices are trading slightly higher today with Gold trading at 1298.80, higher by 0.14% or 2 points and Silver is trading up by more than half a percent at 19.46 an ounce. The near term outlook remains neutral for Gold and Silver and we can see prices consolidating in a range in near term. Base metals traders returned bullish after a few days of holiday with Nickel on MCX is trading up by 2.2% or 23 points and Aluminum and Zinc are trading up by 1.20% as we write this. Crude Oil and Natural Gas prices on NYM are at 103.98 and 4.69 with Crude Oil down by 0.39% and Natural gas is lower by just 5 cents. The short term view stands positive for Crude Oil and Natural gas and we can see prices gaining strength in coming days.
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