Thursday, 10 October 2013

COMMODITY MARKET TREND - 11 OCTOBER 2013

BASE METAL WRAP: Copper rose for a second day ahead of Chinese trade data that may show sustained demand from the biggest metals user and as U.S. politician continued talks to avoid a debt default.

ENERGY WRAP: West Texas Intermediate crude headed for a fourth weekly loss in five after President Barack Obama and House Republicans failed to agree on raising the U.S. debt ceiling and ending the partial government shutdown.

PRECIOUS METAL WRAP: Gold traded below $1,300 an ounce, swinging between gains and losses, on optimism that U.S. lawmakers will reach agreement to avert a default.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, IMF Meetings, FOMC Member Powell Speaks, G20 Meetings.

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