Commodity Market Outlook Today 28-May-2014
Posted: Wed May 28, 2014 1:18 am
Gold futures fell to a 15-week low in New York
Silver futures for July delivery retreated 1.8 percent
Crude oil declined from a five-week high
Copper futures rose to the highest in more than 11 weeks
Aluminum, zinc and tin advanced in London. Lead declined
Gold futures fell to a 15-week low in New York as U.S. equities climbed to a record, curbing demand for the precious metal as an alternative investment. Silver futures for July delivery retreated 1.8 percent to $19.067 an ounce in New York, the biggest drop for a most-active contract since April 30. West Texas Intermediate crude declined from a five-week high on speculation that U.S. inventories are sufficient to meet increasing fuel demand.
Silver futures for July delivery retreated 1.8 percent
Crude oil declined from a five-week high
Copper futures rose to the highest in more than 11 weeks
Aluminum, zinc and tin advanced in London. Lead declined
Gold futures fell to a 15-week low in New York as U.S. equities climbed to a record, curbing demand for the precious metal as an alternative investment. Silver futures for July delivery retreated 1.8 percent to $19.067 an ounce in New York, the biggest drop for a most-active contract since April 30. West Texas Intermediate crude declined from a five-week high on speculation that U.S. inventories are sufficient to meet increasing fuel demand.