Monday, 30 September 2013

Today’s Outlook on Commodity Market

  • Gold prices are expected to move up due to uncertainty surrounding a decision on the budget talks.
  • We expect crude oil prices to remain in range today as fears of a strike at an oil refinery can offset the downside due to rising supplies and demand concerns over US government shutdown.
  • We expect copper prices to move up on expectations for good demand from China. However, a week long holiday beginning from tomorrow could limit upside.


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