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Friday, 26 April 2013

Commodity Market Update: Copper


Precious metals are trading lower today, the most actively traded Gold futures is trading at $1461.00, lower by a dollar or 0.06% at the time of writing this and Silver is at $24.03, down by 15 cents or 0.63%. The near term price action is likely to remain range bound with a negative bias for the day. Base metals across the LME are trading marginally lower today, Copper witnessed the maximum decline of a percent to trade at $7107.25 followed by rest of the metals. Crude and Natural Gas are trading lower with Crude Oil at $93.01, lower by 0.67% and Natural Gas is at $4.154, lower by 0.30%.
Data to Watch: US Advance GDP

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