Friday, 18 July 2014

Commodity Market Trading News

Gold futures for August delivery rose 1.3 percent

Silver futures for September delivery rose 1.7 percent

Nickel, lead and zinc declined, while tin rose

Crude Futures rose as much as 0.7 percent

Gold futures posted the biggest gain in four weeks after Ukraine said rebels shot down a Malaysian jet carrying 295 people near its border with Russia. Silver futures for September delivery rose 1.7 percent to $21.134 an ounce on the Comex, the biggest gain in a week. Aluminum rose to a 16-month high as a gauge of global inventories dwindled amid signs of higher demand for the metal used in construction, autos and cans. Copper dropped 0.1 percent to $7,067.50 a ton ($3.21 a pound). Nickel, lead and zinc declined, while tin rose. West Texas Intermediate headed for the first weekly gain in a month and Brent crude advance.

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