Global Commodity Prices Update: CRD 89.24(+0.2%), GLD 1861.6(+0.3%), SLV 42.23(-0.7%). LME: AL 2415(-0.15%), CP 9087(-0.25%), NI 21658(-1.2%), LD 2471(Flat), ZC 2232(-0.5%), BMPO 3043(+0.6%)
Gold headed for a weekly decline on optimism a plan by U.S. President Barack Obama will create jobs and spur growth in the world’s largest economy, trimming demand for safer assets .
Crude Oil headed for a third weekly gain as investors bet President Barack Obama’s job-creation plan will support demand for fuel and as Tropical Storm Nate was forecast to become a hurricane, threatening supplies in the world’s biggest crude-consumer.
Subscribe for Commodity tips on mobile for 9th September via SMS ... for this fill the free trial form on the right hand side of the site :-
Gold headed for a weekly decline on optimism a plan by U.S. President Barack Obama will create jobs and spur growth in the world’s largest economy, trimming demand for safer assets .
Crude Oil headed for a third weekly gain as investors bet President Barack Obama’s job-creation plan will support demand for fuel and as Tropical Storm Nate was forecast to become a hurricane, threatening supplies in the world’s biggest crude-consumer.
Subscribe for Commodity tips on mobile for 9th September via SMS ... for this fill the free trial form on the right hand side of the site :-
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