On CMX, precious metals are trading higher since morning with Gold trading at $1338.70, up $4.20 or 0.32% after having tested a high of $1348.70 while front month Silver is trading in green at $20.30 with a meager gain of 4.6 cents an ounce. On LME, base metals were trading lower in the morning session on the back of weaker economic data from China but later on paired its losses and trading higher as we write this. LME Copper is trading one month high at $7075.00, up 0.35% or $25.00 while Aluminum is only metals which is trading in red at $1844.75 per metric ton. WTI Crude Oil is trading almost flat at $107.17 with a negative bias while Natural Gas is losing 0.67% or 2.5 cents to trade at $3.718 per mmBtu. Oil traders are waiting for tonight’s Crude Oil Inventories which will be released at 8.00PM with a market forecast of -2.5 mbd.
No comments:
Post a Comment