Thursday, 9 July 2015

Daily Commodity Live Market Trends and Tips

Gold
On Wednesday, spot gold prices gained marginally by 0.23 percent to close at $1157.9/oz. Prices reversed after touching a four-month low as markets watched the tumble in Chinese stock markets and the unfolding Greek debt crisis.

Silver
Spot silver prices rose by 0.6 percent on Wednesday to close at $15.1/oz in tandem with rise in gold prices. Weakening dollar and positive copper prices acted as a positive factor.

Crude Oil
WTI oil prices declined by more than 1 percent on Wednesday to close at $51.7/bbl while Brent oil rose by 0.4 percent to close at $57.1/bbl after a surprise build in stockpiles while gasoline rallied on bets for strong fuel demand through the peak summer driving season.

Copper
LME Copper prices rose by 3.4 percent on Wednesday to close at $5520 on weakening dollar and short covering after the metal declined to six year low in the previous trading session.

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