Monday 21 April 2014

Commodity Market Update: 21 st April, 2014

Precious metals are trading lower today with Gold trading at 1287.80, lower by 0.47% or 6.20 points and Silver is at 19.35 with a decline of 1.20% as we write this. The near term outlook seems negative for precious metals and we expect prices to trade with a negative bias in coming days. On energy section, Crude Oil is at 104.11, lower by 0.18% and Natural gas is at 4.75, nominally higher by 0.25% as we write this. Base metals on MCX are trading at in red with Nickel remains the only exception to trade in green today. Nickel is at 1085.50, +0.20% and Copper is at 406.60, lower by 0.20%. Intraday bias is neutral for base metals.

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