Friday, June 7, 2013

OMMODITY MARKET FLOW ON YESTERDAY ( 8 June 2013)

> Gold futures rose for the second time this week.

> Silver futures for July delivery gained 0.4 percent.

> Base metals surge to new high.

>Crude oil advances after inventory data.
commodity

Gold futures rose for the second time this week after a private jobs report showed U.S. companies hired fewer workers than projected in May, spurring speculation that the Federal Reserve will keep buying bonds. Silver futures for July delivery gained 0.4 percent to $22.495 an ounce on the Comex. Through yesterday, prices fell 26 percent this year. Crude oil advanced to a one-week high after a government report showed that U.S. crude inventories tumbled as refineries increased production.

6 comments:

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