Commodity Market Outlook Today 20-August-2014

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Jhon Kumar
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Commodity Market Outlook Today 20-August-2014

Post by Jhon Kumar » Wed Aug 20, 2014 12:43 am

Gold futures for December delivery dropped 0.2 percent

Silver futures for September delivery fell 1.1 percent

Aluminum and zinc rose in London

Copper fell 0.5 percent to $6,867.50 a ton


Gold futures fell for the third straight session as a U.S. inflation gauge showed price pressures remain limited and housing starts jumped, crimping demand for the precious metal as an alternate investment. Silver futures for September delivery fell 1.1 percent to $19.412 an ounce on the Comex. Earlier, the price touched $19.365, the lowest since June 12. West Texas Intermediate advanced for the second time in three days before supply data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Aluminum and zinc rose in London as a jump in home building fueled speculation that demand will accelerate in the U.S., the world’s second-biggest consumer of industrial metals.

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