Commodity Market Outlook Today 30-May-2014

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Jhon Kumar
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Commodity Market Outlook Today 30-May-2014

Post by Jhon Kumar » Fri May 30, 2014 3:09 am

Gold headed for a monthly loss

Silver for immediate delivery rose 0.2 percent to $19.0713 an ounce

Crude oil headed for its first monthly advance

Copper fell from an 11-week high in London

Aluminum and tin rose in London, while zinc and lead declined

Gold headed for a monthly loss as signs that the U.S. economy is improving fueled stock-market gains, while demand for the metal slowed in China, the biggest consumer. Silver for immediate delivery rose 0.2 percent to $19.0713 an ounce, trimming a third monthly decline. The metal yesterday sank to $18.8045, the lowest since July.

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