Monday 10 February 2014

Commodity Market Update (Gold)


Precious metals on CMX are trading higher since morning as gold consumption and production in China expanded to records. Actively traded Gold contract is gaining to 1274.00, up almost a percent or 11.10 points while Silver is adding 1.12% or 22 cents to trade at 20.17 an ounce. With the exception of Aluminum, Base metals are extending their last session’s gains with Copper trading at 7140.00, up 7 points after having tested a high of 7168.00 while Nickel is up half a percent to trade at 14223.00 per metric ton. NYMEX Crude Oil plunged from its six weeks high of 100.46 and trading in red at 99.20, down 0.70% or 69 cents per barrel while Natural Gas tested a low of 4.626 before settling at 4.721, down 1.13% or 0.054 cents per mmbtu.
Photo: Commodity Market Update (Gold):
Precious metals on CMX are trading higher since morning as gold consumption and production in China expanded to records. Actively traded Gold contract is gaining to 1274.00, up almost a percent or 11.10 points while Silver is adding 1.12% or 22 cents to trade at 20.17 an ounce. With the exception of Aluminum, Base metals are extending their last session’s gains with Copper trading at 7140.00, up 7 points after having tested a high of 7168.00 while Nickel is up half a percent to trade at 14223.00 per metric ton.  NYMEX Crude Oil plunged from its six weeks high of 100.46 and trading in red at 99.20, down 0.70% or 69 cents per barrel while Natural Gas tested a low of 4.626 before settling at 4.721, down 1.13% or 0.054 cents per mmbtu.

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