04:46
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CRUDE OIL
Oil traded near the highest price in four days in New York as policy makers in the U.S. and Europe indicated they may take steps to boost their economies and Iran signaled it will take a hard line in nuclear talks.
GOLD
Gold inched up on Thursday as investors await the Fed chairman's comments due later in the day, hoping for hints of new easing measures in the light of weak economic data and the euro zone crisis. Gold has held around the $1,620 level since surging more than 4 percent last Friday after disappointing U.S. employment data shook investors' confidence in the economic recovery and fuelled hopes for more easing. Spot gold edged up 0.2 percent to $1,620.16 an ounce by 0302 GMT, not too far off the one-month high of $1,640.50 reached in the previous session.
SILVER
Silver edging higher as industrial metals on the back of US equities rally, Hopes of European resuce on Spain's banks help, Top Fed official said may need further easing and Coming up: U.S. weekly jobless claims ThursdayCOPPER
Copper gave up early gains to trade lower on Thursday as some investors took profits, opting for caution while waiting for clearer signals that Europe will aid Spain's ailing banks and the United States will launch measures to boost its economy. Copper has fallen 16 per cent from this year's peak of $8,765 because economic worries from China to Europe and the United States have raised concern that demand for commodities would decline.
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