Tuesday, 17 June 2014

Today's Commodity Market Outlook

Copper futures rose for the second straight session.

Nickel, aluminum, lead and zinc rose in London.


Crude oil for July delivery fell 1 cent to $106.90 a barrel.


Gold traded below a three-week high.


Silver for immediate delivery increased 0.1 percent.


Gold traded below a three-week high before the U.S. Federal Reserve begins a two-day policy meeting today and as investors assessed the tension in Iraq and Ukraine. Silver for immediate delivery increased 0.1 percent to $19.6895 an ounce. Copper futures rose for the second straight session on signs that demand will pick up as economies gain in China, the world’s top consumer of industrial metals, and the U.S., the second-biggest.

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