Monday, 19 May 2014
BASE METAL WRAP: Nickel dropped for the
first time in three days amid speculation that the rally in prices this year
may curb demand for the metal used to make stainless steel.
ENERGY WRAP: West Texas Intermediate
traded near a four-week high amid speculation crude supplies will shrink
further at Cushing, the biggest U.S. oil-storage hub, halting gains in
nationwide stockpiles. Brent was steady in London.
PRECIOUS METAL WRAP: China’s gold demand
fell 18 percent in the first quarter as investors in the world’s biggest user
bought fewer bars and coins, offsetting record interest in jewelry, the World
Gold Council said.
GLOBAL EVENTS TO WATCH: Monetary Policy
Meeting Minutes, CPI y/y, FOMC Member Plosser Speaks, FOMC Member Dudley
Speaks.
For More Detailed call on +91-731-6790000
