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- COMMODITY MARKET TRENDS 02 April 2014
Posted by : Simran Shah
Tuesday, 1 April 2014
BASE METAL WRAP:
Copper climbed for a second day to a three-week high on concern that an earthquake in Chile, the world’s biggest producer, may disrupt supplies.
ENERGY WRAP:
West Texas Intermediate crude fell the most since March 12 on speculation that U.S. inventories gained for an 11th week and as a gauge of manufacturing rose less than expected. Brent slipped.
PRECIOUS METAL WRAP:
Gold posted the longest slump in more than four months as U.S. stocks rose to a record, crimping demand for the precious metal as a haven asset.
GLOBAL EVENTS TO WATCH:
Building Approvals m/m, Construction PMI, ADP Non-Farm Employment Change, Factory Orders m/m, Crude Oil Inventories.
Copper climbed for a second day to a three-week high on concern that an earthquake in Chile, the world’s biggest producer, may disrupt supplies.
ENERGY WRAP:
West Texas Intermediate crude fell the most since March 12 on speculation that U.S. inventories gained for an 11th week and as a gauge of manufacturing rose less than expected. Brent slipped.
PRECIOUS METAL WRAP:
Gold posted the longest slump in more than four months as U.S. stocks rose to a record, crimping demand for the precious metal as a haven asset.
GLOBAL EVENTS TO WATCH:
Building Approvals m/m, Construction PMI, ADP Non-Farm Employment Change, Factory Orders m/m, Crude Oil Inventories.
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