Thursday, 17 May 2012

EURO

The euro wallowed near a four-month trough versus the dollar on Thursday after some banks in Athens faced emergency funding needs, compounding fears that a potential Greek exit from the euro could put more pressure on other struggling euro zone nations.
The common currency fetched $1.2730, up 0.1 percent on the day, but still within shouting distance of its four-month low at 1.2681 plumbed the day before. It has already shed 4.1 percent in May, coming close to its 2012 trough of 1.2624.
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BRENT CRUDE

Brent crude slipped to a near four-month low on Thursday as investors shunned riskier assets following turmoil in Greece and the euro zone while oil supply could rise as G8 countries may tap emergency reserves ahead of sanctions on Iran in July.
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U.S.CRUDE

U.S. crude prices steadied near $92 a barrel on Thursday as concerns over a Greek exit from the euro zone offset support from U.S. government data showing a smaller rise in crude stocks than an industry report earlier this week.
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OIL

Oil is also under pressure from rising supply as U.S. crude stockpiles climbed for the eighth week to their highest since 1990, amid higher output from OPEC.
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PLATINUM

Platinum ended almost unchanged at $1,427 an ounce, on the verge of wiping out all of its gains for the year to date.
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SILVER

Silver fell 2.1 percent to $27.10 an ounce, taking eight-day losses to more than 13 percent, while gold has fallen about 8 percent over the same period.
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SHANGHAI COPPER

The most-traded August copper contract on the Shanghai Futures Exchange rose nearly 1 percent to 55,220 yuan ($8,700) a tonne, having slid to a 2012 low of 54,660 yuan in the prior session.
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LME COPPER

Three-month copper on the London Metal Exchange gained 0.8 percent to $7,716 a tonne by 0105 GMT, after falling to a session low of $7,625 on Wednesday, its weakest since Jan. 10.
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COPPER

The modest gains in copper suggests many investors are wary of bidding up prices aggressively given the contagion potential of a euro zone without Greece, a slowdown in top copper consumer China and the fragile state of the U.S. economy.
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U.S.GOLD

U.S. gold futures for June delivery  rose $9.30 an ounce to $1,545.90.
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