Commodity Market update (Copper)

Precious metals are trading flat on COMEX with Gold futures at $1728.90, up by a dollar or 0.10% while Silver is trading slightly negative at $34.28, down by 0.20% or 6 cents. Base metals are trading positive, adding to its last session’s gain. 3-month Nickel on LME is the top gainer, up by 1.38% or $234 and Copper up by 0.62% or 50 points at $7954.00. We expect base metals prices to remain positive in near term. On energy complex, Crude and Gas on NYMEX is in red. Oil prices are down by 14 cents or 0.16% to $87.93 while Gas prices are lower by 0.52% or 2 cents.