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Posted by : Simran Shah Tuesday, 29 July 2014



BASE METAL WRAP:  
Copper prices slipped on Tuesday, as prospects of growing supplies overshadowed encouraging signs of health in the global economy, and zinc retreated after hovering near three-year highs on expectations of a tightening market.

ENERGY WRAP
West Texas Intermediate crude traded near the lowest price in two weeks before government data that may signal the strength of fuel consumption in the U.S., the world’s biggest oil user. Brent fell in London.

PRECIOUS METAL WRAP: 
Gold traded near the lowest level this week and was poised for a monthly decline as signs that U.S. economic growth is gaining momentum countered haven demand from increased tension in Ukraine and Gaza.

GLOBAL EVENTS TO WATCH
German Prelim CPI m/m, ADP Non-Farm Employment Change, Advance GDP q/q, Advance GDP Price Index q/q, Crude Oil Inventories, FOMC Statement, Federal Funds Rate.

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