Monday, 14 July 2014

Commodity Market Trading News

Copper declined in London for the fourth time this week

Zinc rose in London, capping a fourth straight weekly advance

Nickel, aluminum, lead and tin also gained in London.

Gold traded near a four-month high

Silver for immediate delivery traded at $21.4384 an ounce

Gold traded near a four-month high as investors weighed tensions in Israel and Ukraine amid signs that the rally may be excessive after six weeks of gains. Silver for immediate delivery traded at $21.4384 an ounce from $21.4483 on July 11, when prices capped a sixth weekly advance, the longest such run since April 2011. WTI futures slid 1.8 percent to $103.40 a barrel on the New York Mercantile Exchange in the period covered by the report. The contract settled at $100.83 on July 11. Copper declined in London for the fourth time this week as inventories expanded amid signs of lower demand for the metal as loan collateral in China, the world’s biggest user.

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