Wednesday 23 January 2013

Commodity Market Update (Copper Perf.)



Precious metals are trading silent on COMEX with Gold trading at $1691.60, down by $1.5 or 0.09% while Silver is trading in green at $32.20 with a marginal gain of 0.04% an ounce. On domestic bourses, bullions are trading volatile along with a volatility of rupee against the dollar. Gold is at Rs 30,773.00 and Silver is at Rs 59,708.00. Light Sweet Crude Oil prices are consolidating at $96.60 after having tested a 4-month high of $96.69 on NYMEX while Natural Gas is trading higher at $3.59, adding almost a percent to its previous settlement. Base metals are trading higher on LME, except Copper which is trading at $8130.00, lower by a meager 0.04%. 3-month Lead is leading the metals group which gained $1.61% to trade at $2362.00 per metric ton, followed by rest of the industrial metal.


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