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Monday, 3 March 2014

Commodity Market Update (Gold)

Precious metals are trading higher with a positive bias, actively traded Gold future is at 1345.0, higher by 1.80% and Silver is at 21.54, higher by 1.41% as we write this. The intraday outlook remains positive and we can see prices moving higher in coming hours. Base metals are trading down with a negative bias with Copper is trading below the crucial 7000.0 level at 6968.0, down by 0.60% and Nickel is at 14645.0, down by almost a percent. Prices are likely to move further down in coming sessions. Energy prices are in green, Crude Oil is up by 1.20% and Natural gas is higher by 2.08% at 103.85 and 4.70 respectively. Intraday outlook remains bullish on Crude Oil and Natural Gas.

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