Tuesday, 11 December 2012

Commodity Market Update (Silver)

Precious metals are trading in lower in a range; the actively traded Gold contract is at $1710.20, down by 0.24% or $4.20. Silver futures on COMEX are also down; the near month contract is lower by 0.80% at $33.11. Traders may prefer profit booking ahead of the uncertainty due to the FOMC statement due to be released tomorrow. Base metals are trading mixed after last night gain across the LME; 3-month Copper is trading lower by 0.14% at $8122.00. On energy complex, Oil futures are at $85.85, up by 31 cents or 0.36% while Gas prices are lower by half a percent to trade at $3.4440.

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