Commodity Market Update (Natural Gas)

Gold and Silver prices are trading mixed since morning; Gold futures listed on CMX is at $1748, lower by 0.27% while Silver front-month contract is also trading lower at $33.12, -0.34% or 11 cents. Prices are likely to consolidate near the current level, as the mixed economic data may lift uncertainty in bullion market. Oil prices on NYMEX are trading flat at $92.15, near its previous closing while Gas prices are at $3.462, down by 0.23%. On base metals, prices are trading just in green, slightly higher from their previous closing. LME Nickel is at $17218, higher by half a percent while Copper prices remained muted at $8219.

Data to watch:
US Unemployment Claims
US Philly Fed Manufacturing Index
US Natural Gas Storage