Daily commodity-report by epic research 30 jan 2013Document Transcript
DAILY COMMODITY REPORT 30TH JANUARY 2013WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold assets set for biggest monthly fall since December 2011. Gold holdings in exchangetraded products (ETP) are poised for the biggest monthly decline in more than a year as global economic recovery curbed demand for the metal. Assets contracted 0.8% so far in January, the largest decrease since December 2011, according to TRADING TIP: data compiled by Bloomberg. The holdings, which reached a record in December, dropped to a two-monthSell Copper Feb low of 2,610.272 tonne on Monday. Analysts fromAbove 438.50 Credit Suisse Group to Goldman Sachs are calling for gold to peak in 2013 after a 12-year rally as the globalTGTS-435/432 economy rebounds.SL-441 Copper Exports From Japan at 3-Year High as Local Demand Falls Copper exports surged 27 percent last year to the highest level since 2009 amid a decline in domesticBuy Nickel Feb demand as users from Sony Corp. (6758) to Toyota Motor Corp. (7203) increased production overseas.Below 953.40 Shipments climbed to 512,277 metric tons from 402,114TGTS-959/965 tons in 2011 and compared with a record 589,260 tons in 2009, according to finance ministry data today.SL- 948WWW.EPICRESEARCH.CO +91 9752199966
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