Monday, 23 June 2014

Commodity Market Update (Gold)

Precious metals are trading nominally lower today with Gold trading at 1314.40, lower by 0.17% and Silver is at 20.82 an ounce, down by 0.59 as we write this. The near term outlook seems positive for bullion and any decline in prices may exploit buying opportunity in the metals. Base metals are trading in green with Lead recording the maximum gains of 1.48% at 2165.0 followed by all other metals. Copper is trading at 6876.0, +55 points or 0.81% as we write this. On energy section, Crude Oil and Natural Gas prices are trading in green with Crude Oil trading at 106.25, +0.25% and Natural Gas is at 4.54, +0.32% at the time of writing this. Short term bias remains positive for energy commodities.

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