Tuesday, 10 September 2013

COMMODITY MARKET TREND – 10 Sep 2013

BASE METAL WRAP: Copper traded near the highest price in almost a week before Chinese industrial output and retail sales data that may show economic growth is rebounding in the world’s biggest user of the metal.

ENERGY WRAP: West Texas Intermediate fell for a second day after the U.S. said Russia’s bid to get Syria to surrender its chemical weapons may avert a strike, damping speculation that conflict will threaten Middle East oil exports.

PRECIOUS METAL WRAP: Gold held losses as investors assessed the prospects of reduced stimulus in the U.S. and a bid to avert military action in Syria, eroding haven demand.

GLOBAL EVENTS TO WATCH: NFIB Small Business Index, JOLTS Job Openings.

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