Friday 10 May 2013

Commodity Market Update


Precious metals are trading lower today, the near month Gold contract is at $1447.0 which is down by 1.38% or $20.5 and Silver is at $23.61, lower by 1.24% at the time of writing this. Price action is likely to remain mix today as prices are trading mid range at the time of writing this. On base metals, prices are trading negative with Copper is the only metal to trade positive at $7370.0, adding $14.0 on LME. Crude Oil and Natural Gas prices on NYMEX is trading lower with Oil prices at $95.72, lower by 0.71% and Gas prices are at $3.94, down almost a percent.

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