Thursday, 4 June 2015

Commodity Market Update (Natural Gas)

Precious metals on Comex are subdued as traders are looking ahead to the US jobless data is to be released later in the session. Gold futures prices are trading at $1183 per troy ounce, down by two dollars while Silver futures are selling at $16.45 per troy ounce, lower by three cents only. On Nymex, Crude Oil prices are trading in green at $59.85/bbl, up by 21 cents amid growing prospects that OPEC will keep their production target unchanged. Natural Gas prices are also trading in green at $2.65/mmBtu, higher by two cents ahead of EIA weekly storage data. On LME, all the base metals are trading in the red. Copper prices fell to the lowest level in last six weeks to trade at $5955 per tonne, down 48 dollars while Nickel is quoting now at $12850 per tonne, fell by 95 dollars. Zinc and Lead prices are trading at $2150 and $1942 per tonne, down by 24 dollars and seven dollars respectively.

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