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

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

 

Also find information about stock market, stock brokers, commodity market, commodity prices, gold prices, mutual funds, equity market, equity shares, life insurance plans, bonds, long term infrastructure bonds, debentures, fixed deposits.

Visit:- http://www.rrfinance.com/

Advertisements

Comments Off on Commodity Market Outlook- Gold fell by about 1 percent!

Filed under Finance

Comments are closed.