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Wednesday, 25 June 2014

COMMODITY MARKET UPDATE 26 JUNE 2014



BASE METAL WRAP:  
Copper advanced for a ninth straight session in New York, capping the longest rally since 2005, amid signs of tightening supply.

ENERGY WRAP: 
West Texas Intermediate traded near a three-day high before data that may show a strengthening U.S. economy and as violence escalated in northern Iraq, OPEC’s second-biggest crude producer. Brent was steady in London.

PRECIOUS METAL WRAP: 
Gold traded below a two-month high as investors weighed the outlook for the U.S. economy that shrank in the first quarter by the most in five years.

GLOBAL EVENTS TO WATCH: 
Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Natural Gas Storage.


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