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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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