Commodity Market Outlook Today 04-July-2014

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Jhon Kumar
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Commodity Market Outlook Today 04-July-2014

Post by Jhon Kumar » Fri Jul 04, 2014 2:38 am

Gold held below a three-month high

Nickel advanced to the highest since May

Crude oil fell for a sixth day, capping its longest retreat

Alumium also gained in London, while lead, zinc and tin fell.

Silver for immediate delivery was at $21.162 an ounce

Gold held below a three-month high, trimming a fifth weekly rise, as investors assessed the outlook for higher U.S. borrowing costs after employment data beat estimates. Nickel advanced to the highest since May as the U.S. unemployment rate fell to the lowest in almost six years, signaling that stronger economies will boost demand amid supply curbs. West Texas Intermediate crude fell for a sixth day, capping its longest retreat in more than two years on easing supply concerns in Iraq and Libya.

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