Monday, 16 June 2014

Today's Commodity Market Outlook

Gold futures capped a second straight weekly gain.

Silver posted the longest rally in almost four months.

Crude oil jumped to the highest in more than eight months.

Copper capped the biggest gain in almost two weeks.

Gold futures capped a second straight weekly gain as escalating violence in Iraq boosted demand for the precious metal as a haven. Silver posted the longest rally in almost four months. Crude oil jumped to the highest in more than eight months on concern that a civil war looms in Iraq, OPEC’s second-biggest producer. Copper capped the biggest gain in almost two weeks as an increase in industrial production last month eased concern that demand will slide in China, the world’s largest user of the metal.

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