Wednesday, 18 June 2014

Today's Commodity Market Outlook

Gold traded below the highest level in three weeks.

Silver for immediate delivery traded at $19.7448 an ounce.

Copper gained for a third session.

Crude oil for traded near 107$.

U.S. industrial output increased 0.6 percent in May.

Gold traded below the highest level in three weeks before the U.S. Federal Reserve concludes a two-day policy meeting today, while investors weighed tensions in Iraq and Ukraine. Silver for immediate delivery traded at $19.7448 an ounce from $19.7453 yesterday. Copper gained for a third session amid speculation that demand will stabilize in China and the U.S., the world’s largest metals consumers. Nickel fell on the LME, while tin advanced. Aluminum, zinc and lead were little changed.

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