Friday 12 April 2013

Commodity Market Update (Copper)


COMEX listed Gold and Silver slipped more than a percent today, The most actively traded Gold futures fell 17.60 or 1.10% to trade at 1547.80 an ounce and Silver is at 27.35, losing 34 cents or 1.25% at the time of writing this. We expect uncertainty during the evening hours ahead of a batch of data to be released by US. Base metals on LME are also down with Nickel at 16138.00, down by 1.18% and Copper is lower by half a percent or 37 points to trade at 7573.00. Crude Oil on NYMEX is trading at 92.35, down by 1.24% and Natural Gas is at 4.168, adding 0.70% till now.


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