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Monday 23 September 2013

TODAY COMMODITY MARKET STRATEGY


 Dear All,


BASE METAL WRAP:
Copper declined for a third day amid a political showdown in Washington over the U.S. budget and as investors examined speeches from Federal Reserve officials for clues on monetary policy.

ENERGY WRAP:
West Texas Intermediate crude traded near the lowest price in more than six weeks amid speculation a United Nations resolution this week will reduce the likelihood of a U.S.-led military strike against Syria.

PRECIOUS METAL WRAP:
Gold snapped a two-day decline on speculation that demand may strengthen before China’s Golden Week holiday as lower prices lure buyers. Silver, platinum and palladium increased.

GLOBAL EVENTS TO WATCH:
German Ifo Business Climate, Core Retail Sales m/m, S&P/CS Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, Richmond Manufacturing Index, FOMC Member George

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