Commodity Market this Week:- 1. “GOLD rises rebounds from slump on safe haven bid” - Gold rose on Friday, rebounding from early losses after weaker-than-expected U.S. Employment data pushed the stock market and many commodities sharply lower, raising the safe-havens bid for bullion. Spot Gold rose to $1,217.45 an ounce against $1,206.05 an ounce late in New York on Thursday.
2. “COPPER hits 7-1/2- month low on recovery doubts” - Base metals fell again for a fourth day on Friday, with copper hitting its lowest price since October 2009, after disappointing U.S. jobs data added to doubts about the global economy. Zinc plunged to a 10-month low, nickel and tin hit their lowest in nearly four months, aluminum sank to a near eight-month low, and lead crumbled to its lowest in almost a year. 3. “OIL falls 4 pct as US job data hits markets” - Oil fell 4 percent on Friday, sliding below $72 a barrel as disappointing U.S. employment data and fresh fears about Europe's bank woes spreading made investors risk averse and worried about economic recovery. U.S. nonfarm payrolls rose 431,000 in May, well short of the 513,000 analysts had expected, despite heavy government hiring for the census. Growth in private employment slowed sharply. U.S. crude for July fell $3.10, or 4.15 percent, to settle at $71.51 a barrel, the lowest close since May 26. It dropped as low as $70.79 in post-settlement trading. ICE Brent fell $3.32 to settle at $72.09. For More visit : http://stock-commodity-market-investment.blogspot.com http://www.capitalvia.com -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
