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BASE METAL WRAP: Copper in London advanced for the first time in three days after Federal Reserve Chairman Ben S. Bernanke said the benchmark interest rate will remain low long after policy makers reduce bond purchases.
ENERGY WRAP: West Texas Intermediate crude rose for a second day before world powers and Iran resume talks to break a decade-long deadlock over the Persian Gulf nation’s nuclear program.
PRECIOUS METAL WRAP: Gold futures rose as the dollar’s drop boosted demand for the metal as an alternative asset. Platinum and palladium rebounded from four-week lows after South Africa’s main utility declared a power emergency.
GLOBAL EVENTS TO WATCH: FOMC Member Evans Speaks, President Obama Speaks, Fed Chairman Bernanke Speaks, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m, CPI m/m, Existing Home Sales, Business Inventories m/m, FOMC Member Dudley Speaks, Crude Oil Inventories, FOMC Member Bullard Speaks.
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