Monday, 14 July 2014
BASE METAL WRAP: London copper was
marking time on Monday following four weeks of gains driven by tightening
supply, with summer holidays in the northern hemisphere muting trade.
ENERGY WRAP: Brent crude traded
near the lowest price in three months as Libya’s oil output continued to
increase, easing the threat of supply disruptions from the Middle East. West
Texas Intermediate was steady in New York.
PRECIOUS METAL WRAP: Gold dropped from a
four-month high as investors weighed signs that the rally may be excessive
after six weeks of gains and Goldman Sachs Group Inc. restated a forecast for
lower prices. Silver, platinum and palladium fell.
GLOBAL EVENTS TO WATCH: Industrial Production
m/m, ECB President Draghi Speaks.
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