Precious metals are trading nominally lower with Gold trading at 1317.40, lower by 0.23% and Silver is trading at 19.99 an ounce, down by half a percent as we write this. The near term outlook seems neutral for Precious metals and we can see prices trading in a range for the day. Base metals on LME are trading strong today with extending its gain and is trading at 17395.0, +1.63% and Copper is at 6698.0, +0.72%, at the time of writing this. Intraday bias is bullish and we expect prices to continue its momentum in coming hours. Energy prices on NYM are trading mixed with Crude prices are at 103.14, -0.25% while Natural gas is at 4.65, adding just 0.09% at the time of writing this.
Friday 11 April 2014
Commodity Market Update (Copper)
Precious metals are trading nominally lower with Gold trading at 1317.40, lower by 0.23% and Silver is trading at 19.99 an ounce, down by half a percent as we write this. The near term outlook seems neutral for Precious metals and we can see prices trading in a range for the day. Base metals on LME are trading strong today with extending its gain and is trading at 17395.0, +1.63% and Copper is at 6698.0, +0.72%, at the time of writing this. Intraday bias is bullish and we expect prices to continue its momentum in coming hours. Energy prices on NYM are trading mixed with Crude prices are at 103.14, -0.25% while Natural gas is at 4.65, adding just 0.09% at the time of writing this.
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