Monday, 14 January 2013

Commodity Market Update (Gold)

Precious Metals are trading positive on COMEX today, with front month Gold contract to trade at 1668.0, up by +8.2 or 0.5% at the time of writing this and Silver actively traded contract is higher by +1.17% at $30.7. We expect a quiet trading performance with no economic releases to set direction for prices and the recent volatility keeping traders and investors on the sidelines. Base Metals on LME are trading mostly in green with 3-month Copper is trading higher by 0.7% at $8095.0, followed by Aluminum which is trading higher by 0.6% at $2113.0. On Energy complex, the view stands positive with Crude Oil front month contract on NYMEX is at $94.08, up by 0.56% while Gas prices are higher by a percent at $3.3590.

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