Precious metals on CMX are trading volatile since morning after the last night’s steep rally on the back of escalating tension in Iraq and Ukraine. Actively traded Gold contract dropped from the two month high of 1322.50 and tested a low of 1307.10 before settling flat at 1313.10 while Silver is up 0.57% or 11.7 cents to trade at 20.75 after having tested a high of 20.85 an ounce. With the exception of Nickel, Base metals are trading higher since morning with Copper trading at 6782.50, up 48 points or 0.71% after having tested a high of 6994.00, followed by rest of the metals which are trading up around half a percent each. WTI Crude Oil is trading flat at 106.00 with slightly negative bias while Natural Gas is up more than half a percent or 2.7 cents to trade at 4.63 per mmbtu.
No comments:
Post a Comment