Friday, 25 July 2014

Commodity Market Update

Precious metals are trading in green as prices bounced on back of recovery after last session’s decline. The near term outlook still bearish and we can see prices drifting lower in coming sessions. Gold prices are at 1294.30 with an intraday high of 1294.80. Resistance for Gold is seen at 1300.0 level. Silver is at 20.51, +0.57% or 10 cents. Crude Oil and Natural Gas is trading higher today at 100.12 and 3.85 respectively. Oil prices are higher by just 0.05% while Natural Gas is up by 0.25% as we write this. Base metals are also higher as buyers supports help market to trade in green. Copper is at 7182.0, adding 13 points while Zinc is the best performer to gain as much as 0.86% or 20 points to 2409.00.

No comments:

Post a Comment