Wednesday, 4 February 2015

Precious Metals Report on Commodity Market

We saw mercurial movements in Bullion during the week though for full January month, the commodity has posted gains of around 8%, marking its best monthly advance since January 2012.

Gold was highly volatile yesterday though closed in red. Feb Expiry Comex contract tumbled to a slow as $1255 per ounce whereas high in intraday was seen near $1286, before finally the commodity shut at $1260, -1.3%.

Silver too faced similar volatility as in case with gold with commodity moving in a range of 17.05 to $17.75 per ounce mark in intraday trade.

However the commodity was a net outperformer to Gold as base metals largely remained positive and Silver Comex ended the day higher by 0.3%.

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