Commodity Market Outlook - RR Commodity Brokers

Gold edged up to around $1,400 an ounce on Thursday, yet downside risk remained due to rebounding equities, while the dollar cut some of its earlier losses ahead of key U.S. data. Silver was up 0.4 percent at $22.58 an ounce. Platinum firmed at $1,452 an ounce, up 0.1 percent and palladium gained 0.5 percent to $750.22 an ounce. Copper Users Squeezed as Glut Clogs Warehouse Lines

Today’s Key Headlines

• WTI Crude Trades Near Four-Week Low as Supplies Increase
• EU Energy Spend May Fall Short Without Carbon Fix, HIS Says
• Iron Ore Seen at $100 by Morgan Stanley Offers Chance to Buy
• Wheat Falls as Japan Suspends U.S. Imports on Biotech Crop Find
• Palm Oil Declines as Drop in Crude Reduces Appeal of Biofuels

For Commodity Updates Please Visit:- https://www.rrfinance.com/Equity-Commodities/Equity-Commodities_Home.aspx

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