Bullion prices are trading slightly higher today with Gold trading at 1298.80, higher by 0.14% or 2 points and Silver is trading up by more than half a percent at 19.46 an ounce. The near term outlook remains neutral for Gold and Silver and we can see prices consolidating in a range in near term. Base metals traders returned bullish after a few days of holiday with Nickel on MCX is trading up by 2.2% or 23 points and Aluminum and Zinc are trading up by 1.20% as we write this. Crude Oil and Natural Gas prices on NYM are at 103.98 and 4.69 with Crude Oil down by 0.39% and Natural gas is lower by just 5 cents. The short term view stands positive for Crude Oil and Natural gas and we can see prices gaining strength in coming days.
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Tuesday, 22 April 2014
Commodity Market Update (Silver)
Bullion prices are trading slightly higher today with Gold trading at 1298.80, higher by 0.14% or 2 points and Silver is trading up by more than half a percent at 19.46 an ounce. The near term outlook remains neutral for Gold and Silver and we can see prices consolidating in a range in near term. Base metals traders returned bullish after a few days of holiday with Nickel on MCX is trading up by 2.2% or 23 points and Aluminum and Zinc are trading up by 1.20% as we write this. Crude Oil and Natural Gas prices on NYM are at 103.98 and 4.69 with Crude Oil down by 0.39% and Natural gas is lower by just 5 cents. The short term view stands positive for Crude Oil and Natural gas and we can see prices gaining strength in coming days.
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