Today Commodity Market Outlook 09-Sep-2014

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Jhon Kumar
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Today Commodity Market Outlook 09-Sep-2014

Post by Jhon Kumar » Tue Sep 09, 2014 2:53 am

Gold futures for December delivery fell 1 percent

Silver futures for December delivery dropped 1 percent

Crude rose for the first time in four days

Copper for delivery in three months climbed 0.2 percent


Gold and silver futures fell as the dollar’s rally to a 13-month high damped demand for the precious metal as an alternative investment. West Texas Intermediate crude rose for the first time in four days before stockpile data that will signal the strength of rose for the first time in four days before stockpile data that will signal the strength of week high amid concern that ore shipments from the Philippines will drop. Copper for delivery in three months climbed 0.2 percent to $6,990 a ton ($3.17 a pound) on the LME. Aluminum also increased, while zinc, lead and tin fell.

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