Monday 12 August 2013

Stock Market Trend – 12 August 2013

BASE METAL WRAP: Copper fell after the best weekly gain in almost 11 months as Japan’s economy grew less than expected. Aluminum, zinc and lead declined.
ENERGY WRAP: West Texas Intermediate crude swung between gains and losses after after the biggest rally in more than a week. Brent oil in London fell for the sixth time in seven days.
PRECIOUS METAL WRAP: Gold climbed to the highest level this month after holdings in the biggest bullion-backed exchange-traded product expanded for the first time since June. Platinum advanced for a fourth day to a two-month high.
GLOBAL EVENTS TO WATCH: Prelim GDP q/q, Federal Budget Balance.
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