Monday 25 November 2013

COMMODITY MARKET TREND - 26 NOVEMBER 2013

BASE METAL WRAP: Copper declined from the highest in two weeks on concern that the U.S. Federal Reserve may start tapering stimulus in coming months, reducing the demand prospect for the metal.

ENERGY WRAP: West Texas Intermediate crude fell for a second day after Iran and world powers reached an interim accord on its nuclear program.

PRECIOUS METAL WRAP: Gold rebounded from a four-month low to the highest level in almost a week as the dollar weakened and lower prices spurred demand in China, the second-largest consumer, countering outflows from exchange-traded products.

GLOBAL EVENTS TO WATCH: Inflation Report Hearings, Building Permits, Housing Starts, Building Permits, Housing Starts, S&P/CS Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, Richmond Manufacturing Index.

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