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BASE METAL WRAP: Copper dropped before industrial output data from the U.S. and on concern that credit is tightening in China. Lead and zinc fell for the first time in three days.
ENERGY WRAP: West Texas Intermediate swung between gains and losses before U.S. economic data that may signal when the U.S. Federal Reserve will begin scaling back monetary stimulus in the world’s biggest crude consumer.
PRECIOUS METAL WRAP: Gold fluctuated near the highest level in five weeks before the U.S. Federal Reserve begins a meeting where policy makers may decide on the pace of monetary stimulus. Russia cut gold holdings for the first time in a year.
GLOBAL EVENTS TO WATCH: Capacity Utilization Rate, Industrial Production m/m, Pending Home Sales m/m.
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