Wednesday 27 November 2013

COMMODITY MARKET TREND - 28 NOVEMBER 2013

BASE METAL WRAP: Aluminium slid to its lowest level in more than four years on Wednesday as speculators piled pressure on a market already weighed down by a global surplus.
 
ENERGY WRAP: West Texas Intermediate traded near the lowest price in almost six months as crude stockpiles rose for a 10th week in the U.S., the world’s biggest oil consumer.
 
PRECIOUS METAL WRAP: Gold futures declined for the third straight day after a report showed rising confidence among American consumers, boosting speculation that the Federal Reserve will scale back monetary stimulus.


GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, Bank Holiday.


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