Monday, 29 April 2013

Commodity Market Update (Gold)

Precious metals are trading higher today with Gold spot prices are at $1471.60, adding 0.67% or $10.00 an ounce. Silver spot prices on international market is at $24.28 an ounce which is higher by 1.20% since the previous settlement. We expect prices to trade range bound with a mix bias for the day. On Base metals prices are trading mix with Copper is the most active to gain as much as 1.11% to trade at $7107.50 while rest of the metals are trading with marginal changes. Nickel is at $15331.00, higher by 0.80% while Lead and Zinc are trading lower by 0.15% each at $2035.00 and $1893.00 respectively. On NYMEX Crude Oil prices are at $93.37 and Natural Gas is at $4.25, adding 0.40% and  0.85% respectively.
Data to Watch: US Pending Home Sales m/m.

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