Precious metals are trading mixed in a tight range with Gold trading at 1294.0, -0.01% and Silver is trading at 20.44 an ounce, higher by 0.34% as we write this. The intraday outlook is neutral and we can see prices trading in a tight range for the day. Base metals are also trading mixed with Aluminum and Zinc are trading in green while all other metals are slightly lower. Copper is trading ta 7074.0, down by 2.5 points. Crude Oil and Natural Gas are trading up by 0.13% each with Crude Oil at 98.01 and Natural Gas at 3.80. Short term bias is likely to turn positive for both the commodities-sign of rebound is seen.
Monday, 4 August 2014
Commodity Market Update (Gold)
Precious metals are trading mixed in a tight range with Gold trading at 1294.0, -0.01% and Silver is trading at 20.44 an ounce, higher by 0.34% as we write this. The intraday outlook is neutral and we can see prices trading in a tight range for the day. Base metals are also trading mixed with Aluminum and Zinc are trading in green while all other metals are slightly lower. Copper is trading ta 7074.0, down by 2.5 points. Crude Oil and Natural Gas are trading up by 0.13% each with Crude Oil at 98.01 and Natural Gas at 3.80. Short term bias is likely to turn positive for both the commodities-sign of rebound is seen.
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