Monday, 23 December 2013

Commodity Market Updates (Gold)

Precious metals on COMEX are trading silent since morning with Gold trading at 1202, down 1.80 points while front month Silver futures eased 0.14% to trade at 19.43 after having tested a low of 19.265 an ounce. Base metals on LME are trading higher since morning and continued its last week rally due to supply worries. 3-month Zinc is leading the metals group, up 1.05% or 21.50 points to trade at 2059.50 and Copper is up 15.25 points to trade at 7251.50, followed by rest of the metals except Aluminum which is trading in red at 1779.50 per metric ton. Energy prices on NYMEX are trading mixed since morning with Crude Oil trading at 99 down 33 cents while Natural Gas is adding 2.22% or 10 cents to trade at 4.516 after having tested a high of 4.532 per mmbtu.

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