Tuesday, 30 June 2015

Daily Commodity Market News and Trading Tips

Gold rose as growing fears over the prospect of a Greek debt default battered European shares and weighed on the euro.

Silver prices ended with losses as prices struggled to hold its gains seen by safe haven bids as Greece heads close to a debt default.

Crude oil dropped as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

Natural gas prices erased losses to end higher as investors monitored shifting weather forecasts to gauge the strength of demand for the fuel in the near-term.

Copper prices edged lower after last ditch Greek debt negotiations broke down over the weekend.

Zinc prices ended with losses skidded as risk aversion over Greece compounded selling pressure set off by weak demand.

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