Thursday, 14 May 2015

Commodity Market Update (Natural Gas)

Precious metals on Comex are trading on positive note after yesterday’s sharp northward journey. Gold future prices are trading at $1219 per troy ounce, up by one dollar while Silver prices are quoting at $17.36 per troy ounce, higher by 14 cents. On Nymex, Crude Oil future prices are consolidating around $60.60 a barrel, down by 10 cents, after yesterday’s supply data. Natural Gas is hovering around $2.91 per mmBtu, down two dollar ahead of EIA storage data. On LME, all the base metals are trading in red ahead of US economic data except Aluminium which is hovering around $1187 per ton, up only two dollars while Copper are currently quoting at $6411 per ton, down 15 dollars. Nickel and Zinc are also down with trading at $13905 and $2008, down 95 points and 18 points respectively.

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