Thursday 28 November 2013

COMMODITY MARKET TREND - 29 NOVEMBER 2013


BASE METAL WRAP: Aluminum touched a four-year low in London amid indications the lightweight metal will remain in ample supply even as producers shut capacity.
ENERGY WRAP: West Texas Intermediate crude headed for a third monthly decline, the longest losing streak in almost five years, amid rising OPEC exports and increased supplies in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP: Gold headed for a third monthly loss on speculation that the Federal Reserve will begin reducing monetary stimulus as the U.S. economy strengthens, damping demand for haven assets.
GLOBAL EVENTS TO WATCH: CPI Flash Estimate y/y, GDP m/m.


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