Precious metals edged lower on Friday, as investors continued to monitor political developments in Washington. Actively traded Gold contract fell 7.70 points or 0.58% to 1,309.90 after trading between gains and losses while front month Silver future settled almost flat at 21.75 with a meager decline of 3 cents after having tested a low of 21.50 an ounce.
With the exception of Lead, Base Metals settled higher on the London Metal Exchange due to weaker dollar against the othercurrencies. 3-month Nickel was top gaining metal among the group, surged around 3% or 394 points to 13949.00 followed by rest of the metals. Copper gained 56.75 points or 0.79% to 7251.50 after having tested a high of 7282.50 per metric ton while Lead tested a low of 2046.00 before settling at 2054.25, eased 5 points or 0.24%.
NYMEX traded crude oil futures ended higher on Friday as investors continued to monitor tropical storm activity in the Gulf of Mexico which raised concerns over a disruption to supplies from the region. WTI CrudeOil increased 0.51% or 0.53 points to 103.84 after having tested a high of 104.19 per barrel. Front month Natural Gas futures settled almost flat at 3.51 with marginal gain of a cent or 0.20% after having tested a high of 3.54 on NYMEX.
With the exception of Lead, Base Metals settled higher on the London Metal Exchange due to weaker dollar against the othercurrencies. 3-month Nickel was top gaining metal among the group, surged around 3% or 394 points to 13949.00 followed by rest of the metals. Copper gained 56.75 points or 0.79% to 7251.50 after having tested a high of 7282.50 per metric ton while Lead tested a low of 2046.00 before settling at 2054.25, eased 5 points or 0.24%.
NYMEX traded crude oil futures ended higher on Friday as investors continued to monitor tropical storm activity in the Gulf of Mexico which raised concerns over a disruption to supplies from the region. WTI CrudeOil increased 0.51% or 0.53 points to 103.84 after having tested a high of 104.19 per barrel. Front month Natural Gas futures settled almost flat at 3.51 with marginal gain of a cent or 0.20% after having tested a high of 3.54 on NYMEX.
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