Thursday, 13 August 2015

Daily Updates about Metals and Energy in Commodity Market

Gold futures staged a strong rally across the board on Wednesday reacting swiftly to PBOC’s move to devalue its currency for second consecuting day. Comex gold for Dec delivery surged to 3-week high of $1124.50 per ounce.

Silver futures also surged to 3-week high in line with gold and made an intraday high of $15.57 per ounce. MCX silver futures surged to make an intraday high of Rs. 36171 per kg.

Crude prices yesterday after showing some initial gains above 2%, moved down to just 0.50% in international market post release of DoE data.

NG prices yesterday gained more than 3% at NYMEX getting closed at $2.931/ MMBTu for the September contract.
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