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  #11  
Old 10-19-2010, 12:26 AM
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Default Market Wrap For Commodity

19-10-10

MARKET WRAP
  • Gold recovered lost ground on Monday
  • Dollar steadies versus currency basket
  • Oil rose towards $83 a barrel on Monday
  • Copper up as dollar pares gains
  • Other base metals also recovered sharply
Gold recovered lost ground on Monday to turn higher as the dollar surrendered earlier gains, lifting interest in the precious metal as a haven from volatility in the foreign exchange market. Oil rose towards $82 a barrel on Monday, after earlier hitting its lowest in over a week, as strikes at French refineries made up for losses wrought by a rallying dollar and doubts over the U.S. economic outlook.
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  #12  
Old 10-20-2010, 01:33 AM
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20-10-2010

MARKET WRAP
  • Gold was set for its largest one-day fall
  • Dollar gains versus currency basket
  • Oil drops as China lifts rates
  • Copper tumbled from 27-month highs
  • Base metals fall on China rate hike
U.S. crude oil future prices fell more than $2 on Tuesday as the dollar climbed after China's central bank raised interest rates for the first time since 2007 to rein in its booming economy. Copper tumbled from 27-month highs on Tuesday as top metals consumer China raised its interest rates for the first time since 2007 to keep a rein on its surging economy, and as the dollar rose. Gold was set for its largest one-day fall since early July on Tuesday, wiping out all the gains of the last week, as the dollar rose broadly after China surprised markets with its first interest rate hike since 2007.
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  #13  
Old 10-21-2010, 04:15 AM
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21-10-2010

MARKET WRAP
  • Gold firms as dollar slips
  • Dollar slips versus currency basket
  • Oil rises above $81 on dollar
  • Crude oil stocks rose by 670,0000 barrels
  • Copper bounced on Wednesday
Gold firmed on Wednesday as dollar weakness helped the metal recover from the previous session's 2.5 percent slide, with the softer U.S. currency boosting interest in the metal as a safe store of value. Copper bounced on Wednesday, recouping earlier losses as the dollar dipped and markets reassessed a surprise interest rate hike by top consumer China.
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  #14  
Old 10-22-2010, 01:32 AM
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22-10-2010

MARKET WRAP
  • Gold on course for first weekly fall in 12 weeks
  • G20 meeting starting Friday
  • Oil falls on Chinese growth data
  • Dollar up V/S euro
  • Copper falls on recovering dollar
Gold was set for its first weekly
decline in 12 weeks on Thursday after U.S. jobs data
lifted the dollar and further eroded investor demand for bullion. The dollar pared losses against a basket of currencies after weekly U.S. jobless claims fell by more than expected. Copper fell on Thursday, reversing earlier gains, as a recovering dollar weighed and investors fretted about the size and shape of expected monetary easing in the United States, the world's largest economy. Oil slipped towards $82 per barrel on Thursday, consolidating after a slight slowing in Chinese economic growth and following another build in U.S. crude oil stocks.
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  #15  
Old 10-25-2010, 01:10 AM
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25-10-2010

MARKET WRAP
  • Gold sets first decline in 12 weeks
  • German Ifo sentiment up in Oct
  • Oil up in thin trade on German data
  • Dollar consolidate V/S euro
  • Copper consolidate near highs
  • Lead and zinc on multi week highs
  • Silver slips sharply from recent high
Oil prices rose 1.4 percent on Friday on positive German business sentiment data, French strikes and a storm threat as the dollar index seesawed and G20 finance ministers met to consider currency policy. The dollar index was down around 7 percent intraday from September highs, and U.S. oil futures rose 10.5 percent during that period. Gold steadied on Friday after its first weekly decline in nearly 3 months, with bullion investors keeping an eye on any statements from the G20 meeting.
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  #16  
Old 10-26-2010, 12:41 AM
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26-10-2010

MARKET WRAP
  • Gold rose about 1 percent
  • U.S. existing home sales rise more than expected
  • Oil rises to $83 as dollar weakens
  • Dollar slips V/S euro
  • Copper at 27-month top on dollar
  • Lead and zinc hit 9-month tops on China shutdowns
Copper rose to a 27-month high above $8,500 a tonne on Monday as the dollar sank after a weekend G20 meeting, while investors took comfort from falling stocks and strong demand in top consumer China. Oil jumped by more than a dollar to around $83 a barrel on Monday, gaining for a second session as the U.S. currency weakened after a Group of 20 meeting and strikes in France disrupted oil supplies.
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  #17  
Old 10-27-2010, 03:59 AM
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27-10-2010


MARKET WRAP

  • Gold and silver recovers from early lows
  • Oil slips towards $82 before U.S. stocks data
  • Dollar slips V/S euro
  • Copper at 27-month top on dollar weakness
  • Lead and zinc hit 9-month tops on China shutdowns

Copper prices flagged on Tuesday as the dollar rose, retreating from a 27-month peak hit earlier and tracking choppy currency trading ahead of a key Federal Reserve meeting next week. The dollar rose against a basket of major currencies, given an extra lift after October consumer confidence data . Gold pared losses in Europe on Tuesday as a report showed U.S. consumer confidence rose slightly in October, while the dollar was broadly firm.
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  #18  
Old 10-28-2010, 01:37 AM
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28-10-2010

MARKET WRAP
  • Gold falls as dollar rises ahead of Fed meeting.
  • Oil falls on stronger dollar.
  • Dollar firms as markets await Fed talks.
  • Copper fell below recent two-year highs.
  • U.S. crude stocks rose by a more-than-expected 5 million barrels.
Gold fell 1.5 percent on Wednesday as the dollar rose versus the euro after a report said the Federal Reserve would likely adopt a gradual approach to further U.S. monetary easing at a meeting next week. Oil fell towards $81 a barrel on Wednesday, as mounting doubts about the size and timing of U.S. economic stimulus pushed up the dollar. Copper fell below recent two-year highs on Wednesday responding to a firmer dollar amid speculation that fresh monetary easing in the United States would not be as pronounced as previously thought.
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  #19  
Old 10-29-2010, 01:09 AM
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29-10-2010

MARKET WRAP
  • Gold rises as dollar weakens ahead of Fed meet
  • Oil up after jobs data
  • U.S. initial jobless claims fell last week
  • Copper rises but gains capped
  • Base metals tumbled after U.S. job data

Gold rose back above $1,345 an ounce on Thursday as rising uncertainty over the scope and impact of potential U.S. monetary easing to be announced by the Federal Reserve next week knocked the dollar sharply lower. Copper rose on Thursday helped by renewed dollar weakness, supply threats and strong U.S. jobless claims data, but gains were capped by uncertainty over the scope of possible monetary easing by the U.S. Federal Reserve.
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  #20  
Old 11-01-2010, 04:33 AM
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01-11-2010

MARKET WRAP
  • Gold rises 1 pct as dollar slumps
  • Oil prices fell on Friday after data showing tepid U.S. economic growth
  • US economy grew as expected in Q3
  • Copper ends lower, hits 3-week low
  • US FOMC meeting announcement on Wednesday

Copper led a broader retreat in the base metals complex on Friday, falling to its lowest level in three weeks, as markets cut risk and investors turned cautious ahead of next week's pivotal Federal Reserve meeting. Gold rose 1 percent on Friday, setting a 10- day high as a lower dollar prompted investors to buy ahead of next week's Federal Reserve meeting, at which the central bank is expected to discuss further monetary stimulus.
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