Commodities Outlook; Gold trading slightly lower after recent rally – JSGCL and FC Research
By: Raheel Ashraf,
92 21 111-574-111 (Ext: 3098)
JS Global Capital Limited
Gold Near 3-Month High as Silver Set for Longest Rally Since ’08
Gold held near the highest level in three months as investors weighed prospects for further cuts to U.S. stimulus and signs of waning physical demand. Silver headed for the longest run of advances since 2008.
Commodities Rise to 2014 High as Goldman Maintains Bearish View
Commodities climbed to the highest since December as extreme weather fueled supply concerns for crops and energy at a time of rising imports by China. Goldman Sachs Group Inc. says this year’s gains will be short-lived.
WTI Drops Amid Speculation Rally to 4-Month High Was Excessive
West Texas Intermediate crude slid amid speculation that its advance to the highest price in almost four months was excessive.
Dollar Near One-Month Low Before U.S. Retail Sales; Aussie Drops
The dollar headed for its biggest drop in more than a week versus the yen before a report today forecast to show U.S. retail sales stalled.
Asian Stocks Drop After Longest Streak of Gains This Year
Asian stocks dropped after the regional benchmark index climbed for a sixth day yesterday to cap its longest run of advances this year.
By: Falcon Commodities (Pvt) Limited
In their yesterday trading session, Gold future prices close little changed on profit-taking after rising to a three-month high near US$1,300 an ounce underpinned by technical buying and hopes that the Fed will continue its measured tapering of bond purchases.
The bullion market took a breather after three consecutive days of sharp gains, after incoming Fed Chair Janet Yellen made it clear she would not make any abrupt changes to the U.S. central bank’s commitment to gradually rein in monetary stimulus.
WTI future prices shrugged off a soft U.S. inventory report on rose on Wednesday on the coattails of robust Chinese import data.