Thursday 5 September 2013

COMMODITY MARKET TREND – 06 SEP 2013

BASE METAL WRAP: Copper rose for the first time in three days as investors await a U.S. jobs report that may show rising employment in the world’s second-biggest user of metals.

ENERGY WRAP: West Texas Intermediate oil swung between gains as losses as U.S. crude inventories shrank and President Barack Obama searched for diplomatic backing for a military strike on Syria while at the G-20 summit in Russia.

PRECIOUS METAL WRAP: Gold traders are divided on the outlook for prices next week, weighing signs of an improving U.S. economy against the threat of a military attack on Syria. Two years after bullion set a record, the majority said a new peak won’t be reached in the next 24 months.

GLOBAL EVENTS TO WATCH: CPI m/m, Manufacturing Production m/m, FOMC Member Evans Speaks, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Ivey PMI, G20 Meetings, FOMC Member George Speaks.

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