Commodity Market Outlook Today 10-July-2014

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Jhon Kumar
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Commodity Market Outlook Today 10-July-2014

Post by Jhon Kumar » Thu Jul 10, 2014 1:33 am

Gold rose to a one-week high

Nickel slid after LME stockpiles jumped to a record

Crude fell for a ninth day, the longest stretch of declines since 2009

Gold rose to a one-week high after several Federal Reserve policy members expressed concern that investors may be growing too complacent on the economic outlook, boosting demand for the metal as a haven. Zinc extended losses as investors viewed this week’s rally to a 35-month high as excessive ahead of Chinese trade data.

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