Friday, 29 November 2013

Commodity Market Update (Copper)

Precious Metals are trading higher with the most actively traded Gold contract is trading at 1246.90, higher by 0.74% and Silver is up by 1.11% at 19.85 an ounce. Intraday outlook remains positive for gold and silver and we expect price to gain in the coming hours. Base metals prices on LME are trading in green with Copper trading at 7052.50, higher by 0.33% or 23.50 points, followed by all other metals which are gaining around 0.20% each. Near term outlook remains positive for Copper and other base metals. Crude Oil and Natural Gas prices on NYM are trading higher with Crude Oil front month contract is trading at 92.61, up by 31 cents or 0.35% while Natural Gas prices are at 3.92, up by 0.80%. Intraday bias turn positive for Crude Oil and Natural Gas.

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