Commodity Market Update (Copper)

Precious metals on COMEX are trading silent since morning with Gold trading at 1289.10, up 1.40 points or 0.12% an ounce while Silver rose 0.27% or 5 cents to trade at 19.19 an ounce. Base metals are trading mixed since morning. LMC Nickel tested a two years high of 20500.00 before settling at 20050.00, rallied by 3.08% or 600 points while Copper is trading flat at 6719.75 with a meager gain of 4.75 points per metric ton. WTI Crude Oil is heading towards weekly gain as Oil stockpiles shrank for the first time in more than a month. Actively traded Crude Oil contract is trading at 101.08, up 82 cents or 0.83% while Natural Gas is trading flat at 4.565 after having tested a low of 4.557 per mmbtu.