Thursday 4 April 2013

Commodity Market Update (Natural Gas)


Gold contract on CMX is trading lower today; the near month active contract is at $1546.00, lower by half a percent or -$7.6 Silver is trading marginally higher at $26.81, adding just 0.05% at the time of writing this. Prices on domestic market are slightly changed with Gold down by 10 points while Silver is higher by 30 points at Rs.29230.00 and Rs.50834.00 respectively. On Base metals, Nickel and Zinc are trading positive while Aluminum, Copper and Lead are still lower. Copper 3-month rolling contract is at $7365.00, down by $9.00 or 0.12%. Crude Oil on NYMEX is at $94.34, down by 12 cents or 0.13% while Natural Gas is at $3.91, adding 0.31% till now.

Data to release:
US Unemployment Claims, ECB Press Conference, Fed Chairman Bernanke Speaks and Natural Gas Storage.

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