Weekly commodity-report by epic research 11 march 2013
WEEKLY COMMODITY REPORT 11TH MARCH 2013WWW.EPICRESEARCH.CO 9752199966
HEADLINES Gold flat after U.S. payrolls, palladium rises on demand hope. Gold traded flat, ending the week with a slight gain, after data showed improvement in the U.S. economy but not enough for the Federal Reserve to halt its TRADING TIP: stimulus, analysts said. Palladium rose more than 3 percent to a 19-month high as supply worries and Sell Silver May booming auto demand sparked fund buying. Increased physical deliveries in U.S. palladium futures also Below 54760 suggested rising demand from end-users. Gold fell 1 percent earlier in the session after data showed U.S. TGTS-54400/54000 employers added an encouraging 236,000 workers to SL- 55000 their payrolls in February and the jobless rate dropped to a four-yearlow. Base metals deflate in run-up to US jobs report, copper hit by stockpile increase Buy Crude Oil Mar Base metals gradually lost ground. LME premarket Above 5011 trading, repeating the pattern of the past few days, where gains in Asia were not sustained and TGTS-5040/5090 subsequently reversed. Metals continue to lack follow- through on tentative advances, with short-term SL-4980 negativity offsetting wider financial market strength. Still, business was low-key and ranges narrow while financial markets marked time ahead of the US February jobs report.WWW.EPICRESEARCH.CO 9752199966
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