Precious metals are trading in green with Gold on MCX is at 27353.0, adding 4 points or 0.01% and Silver is at 40924.0, adding 132 points or 0.32% at the time of writing this. The near term outlook seems range bound and we can see prices trading in tight range. US banks are closed in observance of Memorial day and less volatility is expected for the day. Base metals are also trading in green with Copper gaining the most by 415.60, +1.16%, followed by all other metals. On energy section, prices are trading higher with Crude Oil at 6137.00, up by 17 points and Natural Gas is at 258.60, +1.60 or 0.585 at the time of writing this.
Monday 26 May 2014
Commodity Market Update (Gold)
Precious metals are trading in green with Gold on MCX is at 27353.0, adding 4 points or 0.01% and Silver is at 40924.0, adding 132 points or 0.32% at the time of writing this. The near term outlook seems range bound and we can see prices trading in tight range. US banks are closed in observance of Memorial day and less volatility is expected for the day. Base metals are also trading in green with Copper gaining the most by 415.60, +1.16%, followed by all other metals. On energy section, prices are trading higher with Crude Oil at 6137.00, up by 17 points and Natural Gas is at 258.60, +1.60 or 0.585 at the time of writing this.
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