• Gold futures declined for a second day as military and
political tensions on the Korean peninsula drove the dollar
to a two-month high, eroding demand for the metal.
• Geopolitical risks on the Korean peninsula, speculators
prefer to put money into the dollar rather than a
traditional safe haven like gold.
• The Dollar Index, which tracks the currency’s value against
six counterparts, rose as much as 0.4 percent to 80.652,
the highest since Sept. 21.
• Gold for February delivery dropped 0.2 percent on the
Comex. Bullion has gained 24 percent this year.
how was the performance of bullions today?
• The Shanghai Futures Exchange will increase
margins on gold after the market closes today
to curb speculation and restrain quickening
• Silver for immediate delivery fell 0.3 percent to
$26.64 an ounce after losing 3.2 percent on
• Oil climbed, trading near the highest in 10 days, on
speculation steps to quell Europe’s debt crisis will help
stabilize the economy and boost fuel demand.
• Futures rose as much as 0.8 percent after European
governments and the International Monetary Fund
extended an aid- package to debt-strapped Ireland.
• The January contract climbed as much as 70 cents to
$84.46 a barrel in electronic trading on the New York
Mercantile Exchange. Prices are up 6.1 percent this
What was the trend in the Crude?
• Traders are increasing bets on speculation of oil
reaching $100 next year on signs of falling
inventories and a reduction in spare output
• The underlying economic picture is still positive
and good economic growth is expected because
of quantitative easing and accelerating growth in
• Copper gained after Europe agreed to a bailout for
Ireland, outweighing tensions on the Korea
• The Copper for three-month delivery rose as much
as 1.4 percent on the London Metal Exchange.
• The Shanghai Futures Exchange will start to
increase margins after the market closes today.
How was the trading sentiment in the base metals today?
Base metals (Contd..)
• The latest measure seemed to have damped
market participants’ trading interest.
• In LME Zinc rose by 2.2 percent, Aluminum
gained 0.4 percent, lead added 1.2 percent,
nickel advanced 1.2. Tin increased 0.4 percent.