Monday, 18 May 2015

Commodity Marklet Update (Gold)

Precious metals on Comex have made a three-month high after a series of weak economic data. Gold futures prices are trading at $1229 per troy ounce, up by three-and-half dollars while Silver prices are quoting at $17.66 per troy ounce, higher by 10 cents. On Nymex, Crude Oil future prices are trading at $60.19 a barrel, rose by 50 cents because of concerns over global supply glut. Natural Gas is hovering around $2.99 per mmBtu, down almost three cents after Thursday’s sharp gain. On LME, all the base metals are trading in red except Nickel. Nickel edges higher by $60 to quote at $13925 per tonne. Leader of the pace Copper is currently quoting at $6390 per tonne, down 21 dollars while Aluminium and Zinc are trading at $1389 and $2285 per tonne, down 18 dollars and six dollar respectively.

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