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Today Commodity Market Outlook 24-Sep-2014

Posted: Wed Sep 24, 2014 3:05 am
by Jhon Kumar
Gold futures for December delivery added 0.3 percent

Crude oil move up above 91.5$

Nickel rose for the first time in a week

Copper for delivery in three months slid less than 0.1 percent

Lead, tin and zinc advanced on the LME, while aluminum fell.

Gold advanced from an eight-month low after airstrikes in Syria boosted demand for the metal as a haven. West Texas Intermediate crude advanced after the U.S. and its Arab allies launched a series of airstrikes against Islamic State positions in Syria.Nickel rose for the first time in a week after a government official said the ore-export ban will be maintained in Indonesia, the world’s biggest producer of the mined metal