Sunday 30 June 2013

Commodity Market Outlook- Gold fell below $1,200!

Gold fell below $1,200 on Friday to its lowest since August 2010 before recovering, and is on track to post its worst quarter since at least 1968 on persistent worries over the U.S. Federal Reserve's plan to wind down its monetary stimulus. Bullion has taken a beating since the beginning of last week - losing as much as 15 percent, or about $200 an ounce - after Fed Chairman Ben Bernanke laid out a strategy to roll back the bank's $85 billion monthly bond purchases in the face of are covering economy.

Today’s Key Headlines

1. Crude Falls for First Time in Five Days as Dollar Gains
2. Hog Prices Drop on Speculation Pork Demand Slowing; Cattle Fall
3. India to Eclipse China as World’s Coal Power, Buoying BHP
4. Obama Ties Economic Message in Africa to Mandela Legacy
5. Emerging Stocks Advance as Bond Yields Decline on China
6. Egypt Protests Take Deadly Turn, Prompting U.S. Warning
7. U.S. Stocks Fall as Investors Weigh Fed Comments, Data

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