Wednesday 6 November 2013

COMMODITY MARKET TREND - 07 NOVEMBER 2013

BASE METAL WRAP: Copper climbed after from the lowest level in almost a month before the release of U.S. data that may help investors gauge when the Federal Reserve will begin tapering bond purchases and ahead of Chinese trade figures.

ENERGY WRAP: West Texas Intermediate crude fluctuated after rising the most in five weeks as the U.S. consumed gasoline at the fastest rate since July.

PRECIOUS METAL WRAP: Gold held gains after the biggest advance in almost two weeks as investors await reports that may show the U.S. economy lost momentum last quarter and employers added fewer workers, boosting the case for sustained stimulus.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, ECB Press Conference, Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Natural Gas Storage.


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