Commodity Market Outlook- Gold fell by about 1 percent!

Gold fell by about 1 percent on Monday, following last week’s 7 percent decline, hurt by a stronger dollar and due to worries over an early end to the U.S. Federal Reserve’s stimulus programme. The metal sank back towards a three-year low hit last week in a sharp sell-off triggered when the Fed said it would cut back its monetary easing by mid-2014, which supported interest rates and therefore made gold comparatively less attractive. Comex gold futures for August delivery fell $7.50 to $1,284.50 an ounce

Today’s Key Headlines

  • Copper Declines as Inventories Advance to 10-Year High
  • Gold Drops With Silver on Fed Outlook as Goldman Cuts Forecasts
  • WTI Oil Fluctuates Amid China Crunch, Syria Unrest
  • China Solars Move Factories Overseas to Avoid EU Duties
  • Corn, Soybeans Drop as Warm Weather in Midwest Boosts Growth
  • Platinum Prices to Rebound as Demand Outpacing Supply
  • White-Sugar Premium Advances on Limited Supplies; Cocoa Retreats

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