Friday, 13 September 2013

COMMODITY MARKET TREND – 13 Sep 2013

BASE METAL WRAP: Copper reached a one-week low in London as reports of slumping prices, reduced industrial production and higher unemployment from Germany to Australia fanned concern about the outlook for demand.

ENERGY WRAP: Natural gas futures rose for a second day in New York and are set for a weekly rebound after U.S. stockpiles increased less than forecast.

PRECIOUS METAL WRAP: Gold advanced from the biggest decline since June, trimming its worst week in more than two months, before the U.S. Federal Reserve meets to consider tapering its monthly asset purchases and as investors weighed signs that the threat of a U.S. attack on Syria is easing.

GLOBAL EVENTS TO WATCH: Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m.

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