Daily commodity-report by epic research 16 jan 2013
DAILY COMMODITY REPORT 16TH JANUARY 2013WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold inches towards near two-week high. Gold inched up on towards a near two-week high hit in the previous session on expectations easy global monetary policies will continue, while platinum took a TRADING TIP: breather after rising for six straight sessions to a three- month peak. Spot gold was headed for a third straightSell Silver mar session of gains, encouraged by dovish comments fromBelow 59500 two U.S. Federal Reserve officials supporting the central banks ultra-monetary policy. MonetaryTGTS-59350/59000 stimulus by the worlds key central banks helped gold rise for a twelfth straight year in 2012, as investorsSL-59650 sought to park their value in hard assets with worries that central banks cash-printing would debase the value of paper currencies. Copper Advances First Time in Four Days onSell Zinc Jan Global Recovery Bets.Below 108.50 Copper climbed for the first time in four days as economic data from the U.S. to Japan added to signs ofTGTS-107/105 a global economic recovery, boosting prospects forSL-109.20 metal demand. Aluminum and zinc also advanced. Copper for delivery in three months increased 0.3 percent to $8,017.50 a metric ton on the London Metal Exchange at 11:10 a.m. in Seoul.WWW.EPICRESEARCH.CO +91 9752199966
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