• Gold prices edged barely higher in Asia on Friday in thin holiday trade. The Good Friday session sees markets in Japan, mainland China, Hong Kong and South Korea open. Many trading centers globally however will be shut on the day. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,294.90 a troy ounce, up 0.01%, after hitting an overnight session low of $1,293.20 and off a high of $1,304.30.
• Silver for May delivery was up 0.19% at US$19.645 a troy ounce, while copper futures for May delivery were down 0.01% at US$3.049 a pound.
• Crude oil prices edged slightly higher in Asia on Friday in thin trade. The Good Friday session sees markets in Japan, mainland China, Hong Kong and South Korea open. Many trading centers globally however will be shut on the day. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in May traded at $104.58 a barrel, up 0.07%, after hitting an overnight session low of $103.56 a barrel and a high of $104.77 a barrel.
• Brent crude on the ICE futures exchange lost 7 cents, or 0.1%, to settle at $109.53 a barrel on Thursday. Prices are up 2% for the week.
• Natural gas prices soared on Thursday, hitting 7-week highs after a weekly U.S. stockpile report revealed inventories grew at a slower clip than markets were expecting. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.739 per million British thermal units during U.S. trading, up 4.60%. The commodity hit session high of $4.739 and a low of $4.488. The May contract settled down 0.81% on Wednesday to end at $4.530 per million British thermal units.
• Base metals other than tin were higher in Thursday’s LME premarket session but business has been quiet – the market is winding down ahead of the Easter holidays, with the LME closed on Friday and Monday. Copper at $6,651 was up $32 on Wednesday’s close but take-up has been slow, with just 2,700 lots changing hands on Select so far. Stocks were unchanged at 242,300 tonnes but cancelled warrants were 500 tonnes lower at 101,600 tonnes. Aluminium was $4 higher at $1,879 after an 8,150-tonne reduction in stocks to 5,315,575 tonnes, a one-month low. Cancelled warrants were down 6,300 tonnes at 2,947,750 tonnes. Nickel rose $140 to $18,000 even though stocks climbed 186 tonnes at 277,434 tonnes and cancelled warrants fell 918 tonnes to 129,000 tonnes. Lead was unchanged at $2,142, with 1,675-tonne reductions in both stocks and cancelled warrants to 200,400 tonnes and 28,575 tonnes respectively. Zinc was $2 higher- stocks fell 3,150 tonnes to 801,500 tonnes. Tin was the only metal to lose ground, although $23,445 it was down just $5. Stocks were 15 tonnes lower at 9,515 tonnes.
PLATINUM-COMEX has closed @ 1410.75. If it breaks the level of 1409, it can touch the level of 1401 & 1391 respectively. If it sustain above the level
of 1426, it can touch the level of 1434 & 1444 respectively.
SELL PLATINUM-COMEX BELOW 1409 TGTS 1401, 1391 SL 1424.
BUY PLATINUM-COMEX ABOVE 1426 TGTS 1434, 1444 SL 1411.