Monday 7 July 2014

Commodity Market Update (Gold)


Precious metals are trading lower today with the near month Gold contract on CMX is at 1314.60, lower by 0.45% and Silver is trading down by 0.70% as we write this. The intraday outlook stands negative for precious metals and we can see prices drifting lower during the evening hours. Base metals are trading mixed with Copper and Nickel remained lower while all other metals are trading lower. Copper is at 7122.0, down by 0.45% while Lead, Zinc and Aluminum are trading up by 0.25% each as we write this. Crude Oil and Natural Gas prices on NYM are trading lower with Crude Oil down by 0.18% and Natural Gas eased as much as 2.02%.
Photo: Commodity Market Update (Gold):
Precious metals are trading lower today with the near month Gold contract on CMX is at 1314.60, lower by 0.45% and Silver is trading down by 0.70% as we write this. The intraday outlook stands negative for precious metals and we can see prices drifting lower during the evening hours. Base metals are trading mixed with Copper and Nickel remained lower while all other metals are trading lower. Copper is at 7122.0, down by 0.45% while Lead, Zinc and Aluminum are trading up by 0.25% each as we write this. Crude Oil and Natural Gas prices on NYM are trading lower with Crude Oil down by 0.18% and Natural Gas eased as much as 2.02%.

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