Precious metals on COMEX are trading flat after having a fresh three weeks high on the back of weaker economic releases from the world largest economy US and violence in Iraq also spur demand for safe heavens. Actively traded Gold contract tested a high of 1277.60 before settling flat at 1273.90 and Silver is trading at 19.55 after having tested a high of 19.64 an ounce. With the exception on Nickel, Base metals are trading higher since morning after the last couple of days huge sell off. 3-month Copper is up 0.63% or 42 points to trade at 6660.00, followed by rest of the metals which are gaining around half a percent each while Nickel is losing 1.17% or 212 points to trade at 17875.00. WTI Crude Oil tested nine months high of 107.68 due to supply concern. Light Sweet Crude Oil futures gained half a percent or 51 cents to trade at 107.04 while Natural Gas is trading at 4.74, down 0.46% or 2 cents per mmbtu.
No comments:
Post a Comment