Monday, 25 February 2013

Commodity Market Update (Gold)

Precious metals are trading higher today, the near month Gold contract on COMEX is trading higher by a percent or $16.50 to trade at $1589.00 trading near its intraday resistance of $1595.00 an ounce. Silver futures is at $29.00, up by half a dollar or 1.68% at the time of writing this. Base metals are trading mixed with Copper on LME is adding half a percent or $44.00 to trade at $7845.00 while Nickel is trading in red, down by 0.70% at $16856.00. Crude Oil and Natural Gas prices are trading positive today, with Crude Oil at $93.61, up by 0.52% and Natural Gas at $3.35, up by 1.91% since morning.

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