Thursday, 14 March 2013

Commodity Market Update (Natural Gas)

Precious metals are trading lower today with Gold futures at $1585.20, lower by 0.20% and Silver contract for immediate delivery is at $28.80, down by more than half a percent or 15 cents. The near term outlook for Gold and Silver remains fragile following the sign of improvement in US. Base metals are trading marginally positive on LME with Copper adding almost $20.00 or 0.25% to trade at $7806.00 along with all other metals. WTI Crude Oil prices are trading slightly positive in a range and Natural Gas on NYMEX is at $3.693, up by 0.35%.
Data to watch
US Unemployment Claims, US PPI m/m, US Natural Gas Storage.

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