Showing posts with label pricious metal weap. Show all posts
COMMODITY MARKET STRATEGY 01 SEPTEMBER 2014
By : Simran Shah
BASE METAL WRAP: COPPER futures ended
higher on Friday while aluminium closed at an 18-month high as upbeat US
economic data fanned hopes of stronger demand for industrial metals.
ENERGY WRAP: West Texas
Intermediate crude capped the first weekly gain in more than a month on
speculation an improving U.S. economy will boost fuel demand.
PRECIOUS METAL WRAP: Hedge funds cut their
bullish gold bets for the fourth week in five, sending holdings to a two-month
low, U.S. government data show. Open interest in New York futures is the
smallest in five years, and assets in global exchange-traded products backed by
the metal in August posted the biggest monthly drop since May.
GLOBAL EVENTS TO WATCH: Manufacturing PMI,
HSBC Final Manufacturing PMI, Manufacturing PMI.
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