Monday 10 December 2012

Commodity Market Update (Gold)




Bullions are trading positive since morning, the actively traded Gold on COMEX is at $1712.50, up by +$7 or 0.41% and Silver futures are at $33.42, up by 30 cents or 0.90%. We expect prices to remain in a range due to lack of macroeconomic releases for the day. Copper along with all other metals is trading positive on LME; 3-month Cooper is at $8137.75, up by 1.21% and Lead is the top gainer, adding 1.90% to trade at $2265.00, since morning. On energy complex, prices are trading mixed with Oil futures trading higher by half a percent at $86.35 while Gas prices are lower by 1.65% at $3.4910.

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