Thursday, 3 July 2014
BASE METAL WRAP: Nickel advanced to the
highest since May as the U.S. unemployment rate fell to the lowest in almost
six years, signaling that stronger economies will boost demand amid supply
curbs.
ENERGY WRAP: West Texas
Intermediate and Brent headed for a second weekly drop amid speculation that
Iraq’s crude production will remain unaffected by violence and as Libya
prepares to resume exports from two terminals.
PRECIOUS METAL WRAP: Gold held below a
three-month high, trimming a fifth weekly rise, as investors assessed the
outlook for higher U.S. borrowing costs after employment data beat estimates.
Palladium traded near the highest price since 2001.
GLOBAL EVENTS TO WATCH: Retail PMI, Bank
Holiday.
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