Tuesday 10 February 2015

Commodity Market Update (Silver)

Gold and Silver prices on CMX are trading between gains and losses due to Greece uncertainty and a volatile dollar index. Actively traded Gold tested a high of 1245.95 before trading in red at 1238.10, down 3.70 points or 0.30% an ounce while Silver futures dropped 1.38% or 23 cents to trade at 16.835 an ounce. Oil fell for the first time in four days amid forecasts for continued supply growth. Front month Crude Oil contract plunged around 1.5% or 72 cents to trade at 52.12 after having tested a low of 51.90 while Natural Gas is up 1.287% or 3 cents to trade at 2.63 per mmbtu. Base metals are losing heavily since morning with Copper is trading at 5585.50, plunged around 2% or 100 point and Nickel is down 1.5% or 240 points to trade at 14925.00, followed by rest of the counters which are declining more or less a percent each.

No comments:

Post a Comment