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Sunday 11 August 2013

TODAY COMMODITY MARKET STRATEGY

.
DEAR ALL,

BASE METAL WRAP:

Copper fell after the best weekly gain in almost 11 months as Japan’s
 economy grew less than expected. Aluminum, zinc and lead declined.

ENERGY WRAP:

West Texas Intermediate crude swung between gains and losses after
after the biggest rally in more than a week. Brent oil in London
fell for the sixth time in seven days.

PRECIOUS METAL WRAP:

Gold climbed to the highest level this month
after holdings in the biggest bullion-backed exchange-traded product
expanded for the first time since June. Platinum advanced for a
fourth day to a two-month high.

GLOBAL EVENTS TO WATCH:

Prelim GDP q/q, Federal Budget Balance.


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