London copper inched up on Monday and was on track for an annual rise of
4 percent, but concerns about the absence of a deal to avert a U.S.
“fiscal cliff” even as the deadline draws near is expected to keep a lid
on prices.
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Monday, 31 December 2012
BRENT CRUDE
Brent crude fell 30 cents to $110.32 a barrel by 0234 GMT after hitting a
low of $110.08 earlier in the session. U.S. crude was at $90.59, down
21 cents.
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U.S.MARKET
World stocks slipped, the dollar gained and US shares fell for a fifth day on Friday as the White House and US lawmakers made a late attempt to avert the “fiscal cliff.”
The Dow Jones industrial average dropped 158.20 points, or 1.21 percent, to 12,938.11 at the close. The Standard & Poor-s 500 Index lost 15.67 points, or 1.11 percent, to 1,402.43. The Nasdaq Composite Index fell 25.59 points, or 0.86 percent, to end at 2,960.31.
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COMMODITY MARKET OUTLOOK 31-12-2012
Gold futures for February delivery fell 0.5 percent
Silver futures for March delivery slipped 0.9 percent
Oil Heads for Biggest Weekly Gain Since August
Crude oil inventory falls .
Silver futures for March delivery slipped 0.9 percent
Oil Heads for Biggest Weekly Gain Since August
Crude oil inventory falls .
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