Thursday, 28 May 2015

Commodity Market Update (Natural Gas)

Precious metals on Comex are struggling near two-week’s low amid growing prospects that Federal Reserve is on track to raise interest rates. Gold future prices are trading at $1187 a troy ounce, up only one dollar while Silver prices are trading flat at $16.66 per troy ounce. On Nymex, Crude Oil future prices are trading at $57.65 a barrel, higher by 13 cents on bets for US supply drop. Natural Gas is trading at $2.82 per mmBtu, down by two cents ahead of weekly storage data. On LME, base metals pack is trading on mixed note ahead on US jobless claims data. Copper prices are currently quoting at $6095 per tonne, down two dollars while Nickel is trading at $12780 per tonne, lower by 90 dollars. Lead and Zinc are trading in green at $1973 and $2207, up by 19 dollars and 18 dollars respectively.

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