Thursday, 5 January 2012

COMMODITY LIVE NEWS


COMMODITY LIVE NEWS
Date : 5.1.2012                                          Time : 12.00

Oil prices hovered near $103 a barrel Thursday in Asia after a report showed mixed signs about US crude demand. http://www.goldennifty.com

Benchmark crude for February delivery fell 18 cents to $103.04 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 26 cents to settle at $103.22 in New York on Wednesday.

In London, Brent crude fell 60 cents at $113.10 a barrel on the ICE Futures exchange.  
http://www.goldennifty.com


MUMBAI: Indian gold futures are expected to open steady on Thursday after rising in the previous three sessions, while copper should climb on the back of a 1 percent rise in London prices. http://www.goldennifty.com

The most-active gold for February delivery on the
Multi Commodity Exchange (MCX) gained 0.71 percent to close at 27,852 rupees per 10 grams on Wednesday, after rising one percent on Tuesday.

International spot gold on Thursday held near a 2-1/2-week high hit in the previous session, as investors awaited a French bond auction later in the day to gauge the scope of the euro zone debt crisis and watched developments on Iran.

COPPER

London copper rose on Thursday after its biggest decline in two weeks though worries over the euro zone's funding ability limited gains in early Asian trading.
http://www.goldennifty.com

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