Monday, 4 February 2013

LME COPPER

Three-month copper on the London Metal Exchange closed at $8,290 a tonne, up from a close of $8,165 on Thursday when it touched a 3-1/2 month intraday high at $8,291.25 a tonne.




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COPPER

Copper rose on Friday as confidence in the outlook for global growth gathered pace, with U.S manufacturing and employment data showing recovery in the world’s largest economy is on track.





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BRENT CRUDE

Brent crude rose to a four-month peak on Friday, with traders citing optimism about the global economic recovery, while Brent’s premium over U.S. oil futures widened nearly $1 a barrel in heavy spread trading.




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SPOT GOLD

Spot gold slipped $1.43 to $1,665.11 an ounce by 0056 GMT. U.S. gold dropped 0.3 percent to $1,666.20.




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GOLD

Gold ticked lower for a second session in three on Monday as a string of data pointing to a U.S. economy on the mend gave investors less reason to buy assets deemed as safe-haven.




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COMMODITY MARKET OUTLOOK 04-02-2013

Gold gained for the third time in four days
 
Natural gas fell 0.8 percent to $3.311
 
Oil gained in New York
 
Aluminum climbed as much as 2.2 percent
 
Copper futures for delivery in March rose 0.7 percent.




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