Gold eased as positive – Commodity Market Outlook

Gold eased on Tuesday as positive U.S. housing and consumer confidence data lifted the dollar, and as
Speculation that the Federal Reserve is set to wind down its monetary stimulus programme further weighed on prices. The metal rose in choppy trade earlier in the day after comments on liquidity from China’s central bank arrested a slide in the broader financial markets, but it underperformed other assets as concerns over Fed policy lingered.

Today’s Key Headlines

  • Morgan Stanley to Goldman Cut Gold Forecasts on Fed Outlook
  • WTI Oil Rises a Second Day on Supply Outlook
  • EU Officials Said to Agree to 30% Cap on Some Farm Subsidy Cuts
  • Corn Advances in Chicago before USDA Plantings; Wheat Also Gains
  • Palm Oil Gains as Exports from Malaysia Climb on Ramadan Demand
  • Russia, Kazakhstan Join Turkey in Raising Gold Holdings

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