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- COMMODITY MARKET TREND - 29 NOVEMBER 2013
Posted by : Simran Shah
Thursday, 28 November 2013
BASE
METAL WRAP: Aluminum touched a four-year low in London amid
indications the lightweight metal will remain in ample supply even as
producers shut capacity.
ENERGY
WRAP: West Texas Intermediate crude headed for a third monthly
decline, the longest losing streak in almost five years, amid rising
OPEC exports and increased supplies in the U.S., the world’s
biggest oil consumer.
PRECIOUS
METAL WRAP: Gold headed for a third monthly loss on speculation that
the Federal Reserve will begin reducing monetary stimulus as the U.S.
economy strengthens, damping demand for haven assets.
GLOBAL
EVENTS TO WATCH: CPI Flash Estimate y/y, GDP m/m.
