BASE METAL WRAP: Copper retreated for a
fourth day, leading most industrial metals lower, before data tomorrow that may
show manufacturing slowed for a second month in China, the biggest consumer.
ENERGY WRAP: Brent crude declined
for the third time in four days before manufacturing data from China, the
world’s second-biggest oil consumer. West Texas Intermediate fell in New York.
PRECIOUS METAL WRAP: Gold fell to an
eight-month low as the outlook for higher U.S. borrowing costs strengthened the
dollar, damping demand for a store of value. Silver sank to a four-year low and
platinum dropped to the lowest this year.
GLOBAL EVENTS TO WATCH: ECB President Draghi
Speaks, Existing Home Sales, FOMC Member Dudley Speaks.
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Gold and silver have increased in the fall. Gold slipped 0.5 per cent to close at Rs 26,400 in the domestic market is trading below 1 per cent and silver is trading at Rs 39208.
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Cotton prices in the international market crashed last 5 years are at lower levels. Mcx cotton tips
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