Today Commodity Market Outlook 25-Aug-2014

Locked
Jhon Kumar
Posts: 196
Joined: Tue Jan 08, 2013 2:10 am
Location: Indore, MP, INDIA
Contact:

Today Commodity Market Outlook 25-Aug-2014

Post by Jhon Kumar » Mon Aug 25, 2014 2:08 am

Gold futures for December delivery rose 0.4 percent

Copper capped its first weekly advance in a month

Silver futures for December delivery slid 0.1 percent

Aluminum and lead rose in London. Zinc, tin and nickel fell.


Gold rose for the first time in more than a week after Federal Reserve Chair Janet Yellen said slack remains in the labor market, easing concern that the central bank is ready to increase interest rates. Silver futures for December delivery slid 0.1 percent to $19.459 an ounce on the Comex, capping a sixth straight weekly loss, the longest string of declines since April 2013. Copper capped its first weekly advance in a month on speculation that demand will increase after stronger-than-expected housing data in the U.S., the world’s second-largest consumer of the metal.

Locked

Who is online

Users browsing this forum: No registered users and 7 guests