Thursday 1 November 2012

Commodity Market Update (Crude Oil):


Gold and Silver prices are trading slightly higher, Gold futures is trading higher by $5 or 0.30% at $1717.20 and Silver is higher by a percent or 33 cents at $32.15 on COMEX. Prices are locked in a narrow range since past few sessions; Gold is trading in between $1725-$1700 and a breakout above or below the level may decide the further move. Copper along with all other base metal is higher after trading down for few continues sessions. 3-month Copper is at $7813, up by $78 or 1% on the London Metal Exchange. Oil futures on NYMEX is also trading higher by 0.90% or 76 cents at $86.43 and Natural Gas is at $3.727, trading higher by a percent.

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