Commodity Market Outlook Today 29-Apr-2014

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Jhon Kumar
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Commodity Market Outlook Today 29-Apr-2014

Post by Jhon Kumar » Mon Apr 28, 2014 10:40 pm

Gold futures for June delivery rose 0.8 percent

Silver futures for July delivery gained less than 0.1 percent

Copper futures for July delivery move up 1 percent

Crude Prices dropped 1.3 percent

Natural gas slide almost 3%

Gold futures for June delivery rose 0.8 percent to settle at $1,300.80 an ounce. Holdings in the SPDR Gold Trust, the largest exchange-traded product backed by the metal, were unchanged for a third day yesterday at 792.14 metric tons. The assets fell 41 percent last year. Silver futures for July delivery gained less than 0.1 percent. West Texas Intermediate crude fell to the lowest level in two weeks, widening the discount to Brent, as U.S. equities slipped and oil stockpiles expanded.

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