Wednesday, 4 February 2015

Commodity Market Update (Copper)

Precious metals on CMX are trading mixed since morning with Gold trading at 1265.40, up 5.20 points or 0.40% an ounce after having tested a low of 1256.90 whereas Silver futures tested a low of 17.17 before settling in red at 17.31, down 2 cents at the time of writing this. Base metals are losing on LME due to a stronger dollar against the other currencies. LME Nickel is losing most of the ground, dropped 1.56% or 240 points to trade t 15175.00 while Copper is trading at 5638.50, down 612 points or 1.10%, and followed by rest of the metals. WTI Crude Oil slipped from its one month high and trading in red at 52.21, plunge 1.60% or 84 cents while Natural Gas is down 1.27% or 4 cents to trade at 2.72 per mmbtu.

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