Tuesday, 9 June 2015

Commodity Market Update (Silver) :

Precious metals on Comex are trying to rebound after recent fall. Gold future prices are trading at $1181 per troy ounce, higher by almost eight dollars while Silver future prices are trading at $16.09 per troy ounce, rose by almost one percent. On Nymex, Crude Oil futures edged higher today to trade at $59.20 per bbl, higher by more than one percent as market participants are looking ahead to fresh weekly US stockpiles data. Natural Gas prices are trading at $2.71 per mmBtu, almost flat. On LME, all the base metals are trading with positive note on hopes for China stimulus. Copper is currently quoting at $5983 per tonne, up by 24 dollars while Nickel is selling at $13580 per tonne, rose by almost one-and-half percent. Lead and Zinc prices are trading at $1936 and $2169, higher by 24 and 27 points respectively.

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