Tuesday, 29 October 2013

Commodity Market Updat (Silver)

Precious metals on COMEX are trading lower due to stronger dollar ahead of FOMC Meeting which will be held on Wednesday at 11.30PM. actively traded Gold contract is losing 0.52% or 7 points to trade at 1345.20 after having tested a low of 1339.80 while front month Silver futures tested a low of 22.30 before settling at 22.39, down 0.66% or 14 cents an ounce. Base metals on LME are trading higher with Copper trading at 7208.00, up 0.42% or 30 points while rest of the metals also gained around half a percent each per metric ton. WTI Crude Oil is down 0.31% or 0.30 points to trade at 98.37 while Natural Gas is losing a cent or 0.34% to trade at 3.55 after having tested a low of 3.54 per mmBtu.

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