Sunday, 10 November 2013

COMMODITY MARKET TREND - 11 NOVEMBER 2013

BASE METAL WRAP: Copper rose on solid imports of the metal into top consumer China and better-than-expected U.S. jobs data, but a resurgent dollar kept gains in check.

ENERGY WRAP: Brent crude rose for a second day after Iran and six world powers failed to agree on curbs to the Persian Gulf nation’s nuclear program.

PRECIOUS METAL WRAP: Hedge funds cut bullish gold bets, adding the most short contracts in four weeks, as U.S. economic growth fuels speculation the Federal Reserve will trim stimulus. Holdings across commodities dropped the most since April.

GLOBAL EVENTS TO WATCH: Bank Holiday.

2 comments:

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