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Monday, 23 September 2013

Commodity Market Update (Gold)

Precious Metals are trading in red today with gold futures at 1320.40 an ounce, down 12.0 or 0.90% and silver at 21.65 per ounce, down 28 cents or 1.26%. Base Metals on LME are also lower today with aluminum and zinc being the exception; three month copper futures are down 54.50 or 0.75% at 7228.75 per ton. The outlook on metals is neutral for the day. Crude Oil is higher by 17 cents to trade at 104.93 per barrel while Natural Gas is down 0.41% to 3.6720 per mmbtu. Intraday bias is negative on oil today.

No Major Economic Releases today.

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