Precious metals are trading slightly higher with Gold trading at 1314.70, +0.40% and Silver is at 21.0, lower by 0.55%. The near term outlook remain steady for precious metals, we maintain a neutral bias for bullion. Base metals on LME are trading mixed today, Copper is trading nominally lower by 0.15% or 10 points at 6983.0 while Nickel is the worst performer till now to ease as much as 0.63% to 18546.00. Crude Oil on NYM is trading at 102.00, with no major changes while Natural gas slipped 2.13% to trade at 3.86 per mmbtu, as we write this.
Monday 21 July 2014
Commodity Market Update
Precious metals are trading slightly higher with Gold trading at 1314.70, +0.40% and Silver is at 21.0, lower by 0.55%. The near term outlook remain steady for precious metals, we maintain a neutral bias for bullion. Base metals on LME are trading mixed today, Copper is trading nominally lower by 0.15% or 10 points at 6983.0 while Nickel is the worst performer till now to ease as much as 0.63% to 18546.00. Crude Oil on NYM is trading at 102.00, with no major changes while Natural gas slipped 2.13% to trade at 3.86 per mmbtu, as we write this.
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