Monday, 13 May 2013

Commodity Market Update (Gold)

Precious metals are trading lower with actively traded Gold contract is at $1429.00, down by half a percent or $7.60 and Silver is at $23.58, down by 0.33%. We expect precious metals to trade with a negative bias for the day. On base metals Copper, Lead and Zinc are trading marginally positive while other two metals are trading lower. Copper three-month rolling contract is at $7397.00, higher by 0.30%. NYMEX Crude Oil and Natural Gas are trading lower today with Oil contracts at $94.96, lower by 1.12% and Natural Gas is at $3.89, down by 0.38% at the time of writing this.

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