Commodity Market Outlook Today 12-May-2014

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Jhon Kumar
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Commodity Market Outlook Today 12-May-2014

Post by Jhon Kumar » Mon May 12, 2014 1:34 am

Gold fell, capping the first weekly drop in three weeks

Nickel prices rose, capping the biggest weekly rally

Silver futures for July delivery fell 0.1 percent

Copper for delivery in three months rose 0.2 percent

Aluminum, lead and zinc dropped.

Gold fell, capping the first weekly drop in three weeks, on speculation that the Federal Reserve will curb monetary stimulus as the U.S. economy recovers, crimping demand for the metal as an alternative investment. Silver futures for July delivery fell 0.1 percent to $19.121 an ounce in New York, capping a second straight weekly decline at 2.2 percent. crude june delivery rose 6 cents to $100.05 a barrel in electronic trading on the New York Mercantile Exchange. It fell 0.3 percent to $99.99 on May 9. Nickel prices rose, capping the biggest weekly rally in four years, after a plant closure by Vale SA, the world’s second-biggest producer, added to global-supply concerns.

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