Tuesday 19 May 2015

Commodity Market Update (Silver)

On Comex, precious metals fell for the first time in six sessions ahead of US homeless data. Gold future prices are trading at $1221 per troy ounce, down by six-and-half dollars or half-a-percent while Silver future prices are quoting at $17.45 a troy ounce, lower by 28 cent or almost one-and-half percent. On Nymex, Crude Oil actively-traded contract are trading at $59.81 a barrel, down by 43 cents as traders looked ahead to fresh weekly information from US stockpiles of crude oil. Natural Gas are now trading at $3.05, rose by four cents. On LME, all the base metals are trading in red on the back of stronger dollar. Copper are currently quoting at $6276 per tonne, down 101 dollars while Nickel is trading at $13400 per tonne, down by 310 points, most among the packs. Lead and Zinc are also down by 19 dollars and 31 dollars respectively.

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