Sunday 6 April 2014

COMMODITY MARKET TRENDS 06 April 2014

BASE METAL WRAP: Copper fell for a third day, dropping to a one-week low after U.S. jobs data added to signs of slowing growth in the world’s second-biggest user amid increasing mine supplies.

ENERGY WRAP:
Brent crude declined for the first time in three days after Libyan rebels agreed to open two oil export ports after talks with the government. West Texas Intermediate in New York fell.

PRECIOUS METAL WRAP:
Gold held the biggest one-day advance in more than three weeks as U.S. jobs data that trailed analysts estimates damped speculation that the Federal Reserve will step up the pace of stimulus reduction.

GLOBAL EVENTS TO WATCH:
German Industrial Production m/m.

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