Daily commodity-report by epic research 11 jan 2013
DAILY COMMODITY REPORT 11TH JANUARY 2013WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold price takes breather, Tokyo gold strikes record high. Gold inched lower on but was headed for its biggest weekly rise in more than a month, following a decision TRADING TIP: by the European Central Bank to keep rates unchanged despite signs of stabilisation in the battered economy.Buy Zinc Jan Japans gold market sprang into the spotlight asAbove 111 benchmark Tokyo gold futures hit a record high after the yen dropped to a 2-1/2-year low against the dollarTGTS-111.70/112.50 on expectations of more monetary easing by the Bank of Japan.SL-110.30 Base metals close higher on LME Base metals on the London Metal Exchange closed mostly in positive territory after stronger than expectedSell Crude oil Jan Chinese trade data set the tone for a risk-on move. A reiteration of accommodative monetary policies inBelow 5100 Europe also led most of the complex to hold onto recent gains. At the close of open-outcry trading, flagship ofTGTS-5080/5050 the base metals group, LME three-month copper wasSL-5130 0.4 per cent higher on the previous days settlement price, at $US8,111/ton.WWW.EPICRESEARCH.CO +91 9752199966
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