Monday, 10 August 2015

Daily Updates about Gold,Silver and Energy in Commodity Market

Gold rose on Friday as investors assessed U.S. non-farm payrolls data that may indicate the Federal Reserve will delay an immediate interest rate hike, but was still on course for a weekly fall.

Silver prices rose 1.8 percent to trade at $14.85 an ounce, its sharpest single-session gain since May 13. U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that opened the door wider to a Federal Reserve interest rate increase in September.

Crude oil dipped on Friday, plumbing multi-month lows and heading for a sixth straight week of losses, as the approaching end of the U.S. summer driving season suggested a growing surplus in gasoline supply.

U.S. natural gas futures eased lower on Friday on forecasts for cooler but still above normal temperatures over the next two weeks and expectations of weaker air conditioning demand.

Copper hit a six-year low on Friday and zinc touched its weakest in two years as gloomy sentiment about global growth and oversupply continued to weigh on the market.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment