Friday, 4 October 2013

Today's Outlook on Commodity Market

  • Gold prices are expected to go up as uncertainty over budget talks continues which could possibly delay Fed’s decision to wind down its stimulus program as economic growth would likely take a hit if shutdown continues for a long time.
  • We expect crude oil prices to move up over supply concerns due to storm in the Gulf of Mexico which can support prices.
  • We expect copper prices to move down as absence of physical demand from China and higher supplies are likely to weigh on prices.


1 comment:

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