Monday 25 August 2014

Commodity Market Update (Gold)

Gold fell toward a two-month low, extending two weeks of losses, as investors assessed whether the US economy is strong enough for the Federal Reserve to raise rates. Silver sank to the lowest in more than 10 weeks. Actively traded Gold contract is trading at 1276.50, down 2.80 points or 0.22% while Silver is easing 0.24% to trade at 19.34 an ounce. WTI Crude Oil is trading flat at 93.60 with negative bias. NYMEX Natural Gas is adding around a percent or 3 cents to trade at 3.871 after having tested a high of 3.876 per mmbtu. On COMEX, Copper is trading flat at 3.205. LME closed in observance of Summer Bank Holiday.

Photo: Commodity Market Update (Gold):
Gold fell toward a two-month low, extending two weeks of losses, as investors assessed whether the US economy is strong enough for the Federal Reserve to raise rates. Silver sank to the lowest in more than 10 weeks. Actively traded Gold contract is trading at 1276.50, down 2.80 points or 0.22% while Silver is easing 0.24% to trade at 19.34 an ounce. WTI Crude Oil is trading flat at 93.60 with negative bias. NYMEX Natural Gas is adding around a percent or 3 cents to trade at 3.871 after having tested a high of 3.876 per mmbtu. On COMEX, Copper is trading flat at 3.205. LME closed in observance of Summer Bank Holiday.

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