Friday, 9 November 2012

Commodity News for Today : for 9th nov. 2012

Precious metals prices rose to three-week highs yesterday as investors continued to bet on easier U.S. fiscal policy following President Obama's victory, and prices also got a bounce
from fears about increased tensions between the United States and Iran.

Base Metal  :
Industrial metals prices edged higher yesterday in cautious trade ahead of a leadership transition in top metals consumer China, which may result in fresh economic stimulus measures, while concerns
about weak demand and the U.S. economy capped the upside.

Crude oil prices rose yesterday, rebounding from a nearly 5 percent plunge the previous session, though gains were limited by concerns about Europe's economy coupled with approaching tax increases and spending cuts in the United States.


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