Sunday 30 March 2014

COMMODITY MARKET LEVEL 31 March 2014

BASE METAL WRAP: Copper fell, extending a quarterly loss on concern that an economic slowdown in China, the biggest metals consumer, will lower demand.

ENERGY WRAP:
West Texas Intermediate crude traded near the highest close in three weeks and headed for a quarterly advance as the U.S. and Russia sought to defuse the crisis over Ukraine. Brent was steady in London.

PRECIOUS METAL WRAP:
Gold headed for the first monthly decline this year as signs of a U.S. recovery backed the case for the Federal Reserve to press on with reducing stimulus. Palladium was poised to advance for a second month.

GLOBAL EVENTS TO WATCH:
ANZ Business Confidence, CPI Flash Estimate y/y, Italian Prelim CPI m/m, GDP m/m, Chicago PMI, Fed Chair Yellen Speaks, BOE Gov Carney Speaks.

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