Thursday 5 December 2013

COMMODITY MARKET TREND - 06 DECEMBER 2013

BASE METAL WRAP: Copper swung between gains and losses as investors weighed signs of improvement in the U.S. economy against concern the Federal Reserve may start trimming its stimulus sooner than estimated. Nickel rose for a third day.

ENERGY WRAP: West Texas Intermediate oil headed for the biggest weekly gain in five months as the U.S. economy posted the fastest growth since the start of 2012 and crude stockpiles shrank.

PRECIOUS METAL WRAP: Gold headed for a weekly drop as investors await U.S. payrolls figures after economic data boosted speculation the Federal Reserve may start trimming its monetary stimulus sooner than estimated.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.


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