Monday, 20 January 2014

Commodity Market Update (Gold)

Precious metals are trading flat today with Gold trading at 1254.0, +0.21% and Silver is at 20.32, up by 0.08% as we write this. Intraday outlook remains neutral and we can see a range bound session ahead. Base metals prices on LME are trading lower with an exception of Lead which is marginally higher by 0.39% at 2210.0 while rest of the metals are trading lower today. Copper is at 7309.0, down by 0.20% while Nickel is at 14366.0, lower by 0.92%. Short term outlook remains negative for Base metals. Crude Oil and Natural Gas on NYM are at 93.85 and 4.27, down by 0.84% and 1.20% respectively. Intraday view stands negative for Crude Oil and Natural Gas.
US banks are closed today in observance of Martin Luther King Day.

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