Sunday, 29 September 2013

COMMODITY MARKET TREND – 30 SEP 2013

BASE METAL WRAP: Copper fell for the first time in four days, paring the best quarterly advance since March 2012, on concern the U.S. government is headed for a partial shutdown.

ENERGY WRAP: West Texas Intermediate crude fell to the lowest in almost three months on concern the U.S. government is headed for a shutdown over a budget stalemate and amid speculation threats to Middle East supply are subsiding.

PRECIOUS METAL WRAP: Gold advanced to the highest level in more than a week, heading for the first quarterly increase in a year, as concern that the U.S. government may be shut down because of a budget impasse boosted haven demand. 

GLOBAL EVENTS TO WATCH: ANZ Business Confidence, GDP m/m, Chicago PMI.

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