Today’s Outlook on Commodity Market
- Gold prices are expected to move up due to uncertainty surrounding a decision on the budget talks.
- We expect crude oil prices to remain in range today as fears of a strike at an oil refinery can offset the downside due to rising supplies and demand concerns over US government shutdown.
- We expect copper prices to move up on expectations for good demand from China. However, a week long holiday beginning from tomorrow could limit upside.
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