Commodity Market Update (Copper)

Precious metals on CMX are trading lower after the last session’s steep gain on the back of greater number of Jobless Claims from US. Actively traded Gold contract is trading at 1292.00, down 3 points or 0.23% while Silver fell around half a percent or 9 cents to trade at 19.43 an ounce. Base metals are extending their last night gains due to improved factory output from the world largest economies US and China. 3-month Aluminum is leading the group, surged around 1.5% or 26 points to trade at 1819.75 and Copper is trading at 6918.00, added 0.85% or 58 points after having tested a high of 6944.25, followed by rest of the metals. WTI Crude Oil is trading flat at 103.81 with a marginal gain of 6 cents while Natural Gas is up half a percent or 2 cents to trade at 4.377 per mmbtu.