Tuesday, 2 July 2013

Commodity Market Outlook - Gold rose!

Gold rose on Tuesday for a third straight session as investors interpreted the previous week's plunge to three-year lows as overdone, while looking for further indications of an end to U.S. monetary easing soon. A European Central Bank policy meeting on Thursday is likely to emphasize that the euro zone economy is in a much different stage of recovery than the United States.

Today’s Key Headlines

1. WTI Oil near Two-Week High; U.S. Stockpiles Seen Falling.
2. Wheat Snaps Slump as Egypt Issues First Tender Since February.
3. India Urges Resisting Gold as Curbs Fail to Stem Currency Slump.
4. Ship Rates Drop as U.S. Oil Imports Fall Most Since ’91: Freight.
5. Gas Exporters Defend Pricing as Courts Reject Link with Oil.
6. U.S. Stocks Little Changed Before Factory-Orders Report.


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