Friday 9 November 2012

Commodity News for Today : for 9th nov. 2012



Bullion:
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.

Energy:
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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