Tuesday, 12 November 2013

COMMODITY MARKET TREND - 13 NOVEMBER 2013

BASE METAL WRAP: Copper slid on Tuesday as the dollar gained on expectations the U.S. Federal Reserve will curb stimulus measures sooner than previously expected and as investors took little comfort from China's 10-year economic plan.
 
ENERGY WRAP: West Texas Intermediate traded near the lowest price in more than five months before government data forecast to show crude inventories rose to the highest level since June in the U.S., the world’s biggest oil consumer. Natural gas increased for a seventh day in New York, the longest rising streak since January 2011, on forecasts for colder-than-normal weather in the U.S. that may boost demand for the heating fuel.
 
PRECIOUS METAL WRAP: Gold fell 1 percent on Monday, dropping to its lowest in nearly a month, as bullion investors reduced positions on lingering fears that the U.S. Federal Reserve will soon scale back monetary stimulus.


GLOBAL EVENTS TO WATCH: Claimant Count Change, Unemployment Rate, BOE Gov Carney Speaks, BOE Inflation Report, 10-y Bond Auction.


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