Tuesday, 8 July 2014

Today’s Outlook of Commodity Market

Copper fell for the first time in five sessions.

Nickel slid for a second day.

Zinc, aluminum and lead rose in London.

Natural gas futures posted the biggest one-day drop.

Silver futures for September delivery fell 0.6 percent.

Gold futures fell as analysts brought forward estimates for the Federal Reserve to raise U.S. interest rates, crimping demand for the metal as an inflation hedge. Copper fell for the first time in five sessions in New York amid signs of increased supply. Nickel slid for a second day before a presidential election in Indonesia, the world’s largest producer.

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