Friday, 1 February 2013

Commodity Market Update (Copper)

Precious metals are trading slightly higher today, Gold on CMX is at $1665.70 trading higher by 0.23% at the time of writing this while on domestic market, prices are trading flat almost unchanged since last close at Rs.29880.00. Silver is at $31.30 adding few cents, we expect precious metals to trade in a range with traders waiting for the release of US key employment data that is scheduled later in the global day. Base metals on LME are in green with Copper posting the maximum gain for the day, up by half a percent at $8205.00. Energy prices are trading slightly lower with Crude Oil down by 0.25% at $97.23.

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