Monday, 11 November 2013

COMMODITY MARKET TREND - 12 NOVEMBER 2013

BASE METAL WRAP: Copper fell for the first time in four days as investors assessed when the Federal Reserve will begin to reduce stimulus and awaited the conclusion of the Chinese Communist Party’s four-day policy meeting today.

ENERGY WRAP: West Texas Intermediate fell from the highest closing price so far this month amid speculation crude stockpiles rose to the most since June in the U.S., the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold prices fell to their lowest levels in nearly a month as signs of steady Chinese economic growth fuelled worries about monetary tightening there and extended the previous session's slide on U.S. Federal Reserve tapering fears.

GLOBAL EVENTS TO WATCH: NFIB Small Business Index, NAB Business Confidence, CPI y/y.


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