Wednesday, 9 July 2014

Today’s Outlook of Commodity Market

Gold futures for August delivery fell less than 0.1 percent.

Silver futures for September delivery were unchanged.

Zinc prices rose to a 35-month high.

Copper rose 0.1 percent to $7,130 a metric ton.

Nickel, lead and aluminum gained in London.

Gold futures for August delivery fell less than 0.1 percent to $1,316.50 an ounce on the Comex in New York. The metal pared gains of as much as 0.7 percent after a report showed U.S. job openings rose in May to the highest level in almost seven years. Silver futures for September delivery were unchanged at $21.013 an ounce on the Comex. Zinc prices rose to a 35-month high as inventories dwindled amid speculation that increasing auto sales in China and the U.S. will boost metal use. Copper rose 0.1 percent to $7,130 a metric ton ($3.23 a pound) in London. Earlier, the price reached $7,212, the highest since Feb. 19.

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