Thursday, 23 April 2015

Commodity Market Update (Natural Gas)

Precious metals on CMX are trading in gains and losses ahead of the US labor department’s initial Jobless Claims report along with stronger dollar index. At the time of writing this, Gold is trading at 1187.80 and Silver is trading at 15.84 with positive bias. Base metals are tumbling since morning due to stronger dollar against the other currencies. 3-month Aluminum and Lead are the worst performing counter among the bucket, tumbled around 1.25% each to trade at 1782.00 and 2018 respectively while Copper is down around half a percent or 25.50 points to trade at 5888.50 per metric ton. WTI Crude Oil is trading at 55.91, eased around half a percent or 25 cents while Natural Gas is losing more than a cent or 0.61% to trade at 2.59 per mmbtu.

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