Sunday, 29 June 2014
BASE METAL WRAP: Copper headed for its
steepest rally in three quarters ahead of data tomorrow that may show
industrial output sustained expansion in China, the biggest user. Nickel is set
for the biggest quarterly gain since 2010.
ENERGY WRAP: West Texas
Intermediate and Brent crude fell amid speculation that continuing violence in
Iraq won’t disrupt supply from OPEC’s second-largest oil producer.
PRECIOUS METAL WRAP: Gold headed for a
second quarterly increase as investors weighed the outlook for the U.S. economy
and low interest rates against signs of weaker physical demand. Silver extended
a drop from the highest level since March.
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