Thursday, 10 July 2014

Today’s Outlook of Commodity Market

Gold rose to a one-week high

Nickel slid after LME stockpiles jumped to a record

Crude fell for a ninth day, the longest stretch of declines since 2009


Gold rose to a one-week high after several Federal Reserve policy members expressed concern that investors may be growing too complacent on the economic outlook, boosting demand for the metal as a haven. Zinc extended losses as investors viewed this week’s rally to a 35-month high as excessive ahead of Chinese trade data.

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