Friday 14 March 2014

Commodity Market Update (Copper)


Precious metals on CMX are trading silent since morning with Gold trading at 1371.30, down 1.10 points or 0.08% while Silver is trading in green at 21.28, up 0.40% or 8.2 cents an ounce. With the exception of Zinc, Base metals are trading higher due to short coverings after the last few sessions steep decline due to weaker economic growth from world top consumer of this complex. 3-month Copper is leading the group, up more than a percent or 65 points to trade at 6465.00 while Nickel is trading at one year high of 15930.00, higher by 167 points or a percent, followed by rest of the metals. WTI Crude Oil is trading silent at 98.28 with a meager gain of 8 cents while Natural Gas tested a low of 4.341 before settling at 4.353, down 0.03 points or 0.70% per mmbtu.
Photo: Commodity Market Update (Copper):
Precious metals on CMX are trading silent since morning with Gold trading at 1371.30, down 1.10 points or 0.08% while Silver is trading in green at 21.28, up 0.40% or 8.2 cents an ounce. With the exception of Zinc, Base metals are trading higher due to short coverings after the last few sessions steep decline due to weaker economic growth from world top consumer of this complex. 3-month Copper is leading the group, up more than a percent or 65 points to trade at 6465.00 while Nickel is trading at one year high of 15930.00, higher by 167 points or a percent, followed by rest of the metals. WTI Crude Oil is trading silent at 98.28 with a meager gain of 8 cents while Natural Gas tested a low of 4.341 before settling at 4.353, down 0.03 points  or 0.70% per mmbtu.

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