Wednesday, 16 July 2014
BASE METAL WRAP: Most industrial metals
fell as copper dropped to a two-week low after Goldman Sachs Group Inc.
forecast commodities will drop over the next five years on increasing supplies.
ENERGY WRAP: West Texas
Intermediate rose for a second day after U.S. crude stockpiles fell as refiners
in the world’s biggest oil consumer boosted processing to the highest level
since 2005. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held above a
three-week low amid signs of increased demand in China and India, the world’s
two largest consumers. Palladium futures climbed to the highest level since
2001.
GLOBAL EVENTS TO WATCH: Building Permits,
Unemployment Claims, Housing Starts, Philly Fed Manufacturing Index, Natural
Gas Storage.
Commodity like gold, silver, copper, crude
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