22:50
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BASE METAL WRAP: 
Sentiment turned better as copper gained in global markets after US new-home construction rose at the fastest pace in almost four years and orders to withdraw the metal in Asia jumped, signaling improving demand. Copper and nickel prices firmed up by Rs 2 per kg in the local non-ferrous metals market today in line with a firming trend overseas amid increased demand.
Aluminum erased previous session losses and plunged by 1.2% at $1895 per tonne.The disappointment over Federal Reserve additional stimulus hopes conspired with the festering European debt crisis on German Chancellor Merkel's comments led the metal to slump down.
ENERGY WRAP:
Sentiment turned better as copper gained in global markets after US new-home construction rose at the fastest pace in almost four years and orders to withdraw the metal in Asia jumped, signaling improving demand. Copper and nickel prices firmed up by Rs 2 per kg in the local non-ferrous metals market today in line with a firming trend overseas amid increased demand. Aluminum erased previous session losses and plunged by 1.2% at $1895 per tonne.The disappointment over Federal Reserve additional stimulus hopes conspired with the festering European debt crisis on German Chancellor Merkel's comments led the metal to slump down.
ENERGY WRAP:
Oil rose a seventh day in New York, the longest run of gains since February, after U.S. gasoline supplies unexpectedly shrank and housing starts climbed, signaling fuel demand may increase amid an economic recovery.
Canadian natural gas dropped for the first time in three days on concern that moderate weather predicted for the end of July will limit demand for the fuel to run air conditioners. Natural gas for August delivery on the New York Mercantile Exchange rose 1.9 cents, or 0.6 percent, to $2.992 per million Btu at 1:21 p.m.
PRECIOUS METAL WRAP:
Canadian natural gas dropped for the first time in three days on concern that moderate weather predicted for the end of July will limit demand for the fuel to run air conditioners. Natural gas for August delivery on the New York Mercantile Exchange rose 1.9 cents, or 0.6 percent, to $2.992 per million Btu at 1:21 p.m.
PRECIOUS METAL WRAP:
Gold hovered near $1,580 an ounce on Friday as investors clung onto hopes for more monetary easing from the U.S. central bank after weak data in the previous session, but a dollar rebound would likely cap gains. The latest data showed factory activity in the U.S. Mid-Atlantic region contracted in July for a third straight month and new jobless claims surged last week.
Market analysts attributed to the rise in silver futures to a firm global trend as weak dollar raised appeal for the precious metals as alternative investments.
GLOBAL EVENTS TO WATCH:
Market analysts attributed to the rise in silver futures to a firm global trend as weak dollar raised appeal for the precious metals as alternative investments.
GLOBAL EVENTS TO WATCH:
RBA Assist Gov Kent Speaks, Import Prices q/q, Credit Card Spending y/y, German PPI m/m, Public Sector Net Borrowing, Euro group Meetings, Core CPI m/m, CPI m/m.
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