Commodity Market Outlook Today 9-May-2014

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Jhon Kumar
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Commodity Market Outlook Today 9-May-2014

Post by Jhon Kumar » Fri May 09, 2014 12:26 am

Gold futures declined for a third straight day

Silver futures for July delivery fell 1.1 percent

Crude dropped with supplies at a seasonal record high

Euro slipped against the dollar

Natural gas futures fell the most in 10 weeks

Gold futures declined for a third straight day as gains in equities curb demand for the precious metal as an alternative investment. Silver futures for July delivery fell 1.1 percent $19.138 an ounce in New York. West Texas Intermediate crude dropped with supplies at a seasonal record high and as the euro slipped against the dollar. Natural gas futures fell the most in 10 weeks after a government report showed a bigger-than-forecast U.S. inventory increase.

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