Sunday 1 February 2015

Commodity Market News-02 FEB 2015

Free Commodity Tips

Spot Gold was off 0.2 percent at $1,280.77 an ounce by 0036 GMT after rising 2 percent on Friday. It ended January with a gain of 8.4 percent, its largest monthly increase since January 2012.

Silver prices ended the week with a moderate gain of $0.03/oz at $17.28 an oz on Friday.

Zinc futures traded a shade lower at Rs 129.10 per kg today on offloading of positions by speculators amid weak cues from overseas market and subdued spot demand at domestic markets.

Oil prices rocketed more than 8 percent higher on Friday, their biggest one-day gain in two and a half years, after data showed US drillers were slamming the brakes on the shale drilling boom.

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