Precious metals are trading higher today on back of recovery from the last sessions decline. The most actively traded Gold future is trading at 1295.90, up by 0.09% and Silver is trading at 19.78, adding 0.39% as we write this. The near term outlook remains negative and we expect prices to drift lower in the following hours. Crude Oil on NYM is extending its last sessions decline and is trading at 101.63, +0.35% while Natural Gas is at 4.52, lower by 0.22% at the time of writing this. Base metals are in green and may trade with a positive bias in the coming hours. Copper and Nickel are trading higher by a percent each at 6634.0 and 155876.0 respectively.
Friday 28 March 2014
Commodity Market Update (Copper)
Precious metals are trading higher today on back of recovery from the last sessions decline. The most actively traded Gold future is trading at 1295.90, up by 0.09% and Silver is trading at 19.78, adding 0.39% as we write this. The near term outlook remains negative and we expect prices to drift lower in the following hours. Crude Oil on NYM is extending its last sessions decline and is trading at 101.63, +0.35% while Natural Gas is at 4.52, lower by 0.22% at the time of writing this. Base metals are in green and may trade with a positive bias in the coming hours. Copper and Nickel are trading higher by a percent each at 6634.0 and 155876.0 respectively.
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