- Gold fell to its lowest leveling four weeks on Monday, extending a sell-off to a fourth straight session, as investors feared the Federal Reserve would hike U.S. rates this year.
- Spot gold eased 0.1 percent to $1,140.40 an ounce by 0029 GMT, after earlier dropping to $1,134.60, its lowest since Oct. 5.
- The metal had posted its worst weekly drop in nine weeks on Friday after the Fed surprised with a direct reference to its next policy meeting as a possibility for the first U.S. rate hike in nearly a decade.
- Natural gas futures jumped almost 3% on Friday, On the New York Mercantile Exchange, natural gas for delivery in December rose 6.4 cents, or 2.84%, to close the week at $2.321 per million British thermal units. It was the largest one-day gain in almost two months.
- MCX copper prices traded lower by 1.2 percent yesterday to close at Rs.337.3 per kg. We expect Copper prices to trade lower today as serious demand concerns citing weak growth in the US and China will continue to bother metals. Also, investors will be cautious ahead of series of data from the Europe and US due today.
Monday, 2 November 2015
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