Friday 2 May 2014

Commodity Market Update (Copper)


Precious Metals are trading higher today with Gold trading at 1285.10, higher by 0.12% and Silver trading at 19.17 an ounce, up by 0.69% at the time of writing this. The near term outlook turns positive for Gold and Silver and we can see prices trading higher for the day. Energy prices on NYM are trading with Crude Oil is at 99.91, up by 0.50% and natural Gas is at 4.76, adding a percent till now. Base metals on LME are trading in red today with Copper trading as exception with gains of 053% at 6671.0 while on the downside, Nickel trading down by 18182.0, lower by 0.92% as we write this.
Further the key releases for the day are US Nonfarm employment change and Unemployment rate.
Photo: Commodity Market Update (Copper):
Precious Metals are trading higher today with Gold trading at 1285.10, higher by 0.12% and Silver trading at 19.17 an ounce, up by 0.69% at the time of writing this. The near term outlook turns positive for Gold and Silver and we can see prices trading higher for the day. Energy prices on NYM are trading with Crude Oil is at 99.91, up by 0.50% and natural Gas is at 4.76, adding a percent till now. Base metals on LME are trading in red today with Copper trading as exception with gains of 053% at 6671.0 while on the downside, Nickel trading down by 18182.0, lower by 0.92% as we write this.
Further the key releases for the day are US Nonfarm employment change and Unemployment rate.

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