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DAILY COMMODITY REPORT BY EPIC RESEARCH-28 AUGUST 2012
1. e
DAILY COMMODITY REPORT
28H AUGUST 2012
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2. HEADLINES
Gold eases from early 4-1/2 month high, eyes
Fed:
Gold hit a 4-1/2 month high before ending slightly
lower on Monday, as investors took profits after an
early rally on speculation that the US Federal Reserve
may unveil another round of monetary stimulus at a
central bankers' meeting later this week. Spot gold hit
TRADING TIPS: $1,676.45 an ounce before ended down 0.3 per cent at
$1,665.20 an ounce by 3:53 p.m. EDT (1953 GMT). US
Sell Nickel below 909 COMEX gold futures for December delivery, however,
settled up $2.70 an ounce at $1,675.60, as the futures
for targets 902/895
market settled prior to a wave of late selling that turned
Stop loss 918 spot prices into losses.
Oil rises more than $1, tropical storm
PAST threatens supply:
Oil futures rose more than a dollar on Monday, with
PERFORMANCE:
Brent climbing above $115 per barrel, on supply
Sell Nickel below 909 worries as Tropical Storm Isaac threatened to interrupt
most US offshore oil production in the Gulf of Mexico.
for targets 902/895
Brent crude futures rose $1.31 to $114.90 a barrel by
Stop loss 918 0437 GMT, after rising to a high of $115.50 earlier in
the session. US crude was up $1.06 to $97.21.
Not executed
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