London copper prices steadied on Monday, supported by signs the world’s
top two economies are inching towards recovery, while a decision by
global regulators to help banks build up cash buffers also underpinned
sentiment.
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Monday, 7 January 2013
U.S.CRUDE
U.S. crude for February delivery fell 12 cents to $92.97 a barrel by 0106 GMT.
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BRENT CRUDE
Brent crude fell 18 cents to $112.29 a barrel by 12:58 p.m. (1758 GMT)
after rising more than 1 percent on Wednesday to settle at their highest
level since October. U.S. crude rose 3 cents to $93.15 a barrel.
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SPOT GOLD
Spot gold was little changed at $1,656.09 an ounce by 0038 GMT, after
falling for two sessions straight and ending last week little changed.
It dropped to $1,625.79 on Friday, the lowest since Aug. 21, 2012.
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U.S.MARKET
The benchmark Standard & Poor-s 500 index ended at a five-year
high on Friday, lifted by reports showing employers kept up a steady
pace of hiring workers and the vast services sector expanded at a brisk
rate.
The Dow Jones industrial average gained 43.85 points, or 0.33
percent, to 13,435.21. The Standard & Poor-s 500 Index rose 7.10
points, or 0.49 percent, to 1,466.47. The Nasdaq Composite Index edged
up 1.09 points, or 0.04 percent, to 3,101.66.
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COMMODITY MARKET OUTLOOK 07-01-2013
Gold dropped, capping the longest run of weekly losses since 2004
Silver futures for March delivery tumbled 2.5 percent
Copper fell the most in two weeks
Natural gas climbed from a 14-week low.
Silver futures for March delivery tumbled 2.5 percent
Copper fell the most in two weeks
Natural gas climbed from a 14-week low.
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