Monday 17 November 2014

Commodity Market Update (Gold)

Precious metals on COMEX are trading volatile since morning and trading near two weeks high after the last Friday’s steep gain on the back physical demand. Actively traded Gold contract tested a high of 1193.60 before settling at 1187.00, up 1.50 points or 0.13% an ounce and Silver is trading in red at 16.14, fell over a percent or 17 cents after having tested a low of 16.08 an ounce. With the exception of Nickel, base metals are trading lower since morning with Copper trading at 6685.00, down 21.75 points while Aluminum tested a low of 2014.25 before settling at 2020.75, down 6.75 points or 0.32% and leading the group, as we write this. WTI Crude Oil is tumbling over a percent or 1.02 points to trade at 74.80 while Natural Gas opened with a gap up of 3.30% or 13 cents to trade at 4.153 per mmbtu.

Photo: Commodity Market Update (Gold):
Precious metals on COMEX are trading volatile since morning and trading near two weeks high after the last Friday’s steep gain on the back physical demand. Actively traded Gold contract tested a high of 1193.60 before settling at 1187.00, up 1.50 points or 0.13% an ounce and Silver is trading in red at 16.14, fell over a percent or 17 cents after having tested a low of 16.08 an ounce. With the exception of Nickel, base metals are trading lower since morning with Copper trading at 6685.00, down 21.75 points while Aluminum tested a low of 2014.25 before settling at 2020.75, down 6.75 points or 0.32% and leading the group, as we write this. WTI Crude Oil is tumbling over a percent or 1.02 points to trade at 74.80 while Natural Gas opened with a gap up of 3.30% or 13 cents to trade at 4.153 per mmbtu.

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