Friday, 5 December 2014

Commodity Market Update (Gold)

Gold prices are trading higher while Silver prices are in red today. The actively traded Gold contract is trading at 1204.50 and is down by 0.39% as we write this. Silver prices are trading at 16.53 an ounce, +0.43%. Intraday bias is neutral and we expect prices to trade in a range. Crude Oil prices is at 67.75 per barrel and is trading up by 0.55% and Natural gas is at 3.79 per mmbtu, -0.37%. Bias remains negative and we expect prices to drift lower for the day. With an exception of LME Aluminum, all other metals are trading higher for the day. Copper is trading up by 0.72% at 6428.50 and Nickel is trading at 16880.00, +1.75% as we write this.

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