Thursday, 19 June 2014

COMMODITY MARKET UPDATE 20 JUNE 2014



BASE METAL WRAP: Copper futures held near the previous session’s two-week high on Thursday, amid mounting optimism over the outlook for growth in the U.S. and China, the world’s two largest consumers of the industrial metal.

ENERGY WRAP: Brent crude headed for a second weekly gain as the U.S. said it will send military advisers to Iraq as violence escalates in the OPEC producer. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: Gold headed for the longest run of weekly advances since March after rising to a two-month high, as expectations that borrowing costs in the U.S. will remain low fueled demand for bullion as an alternative investment.

GLOBAL EVENTS TO WATCH: BOJ Gov Kuroda Speaks, Core CPI m/m, Core Retail Sales m/m.


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1 comment :

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