Monday, 16 July 2012

Commodity Tips and updates 17-July-2012

Commodity Markets: Gold - Silver -Crude-Copper -Nickle

Commodity updates: 17-July-2012
 



Base metals were bickering between losses and gains on Monday, 16 July craving for a presentation by the U.S. Federal Reserve chairman on Tuesday and Wednesday which would yield any clues on monetary easing. Investors were latched onto the US retail sales data due later today for further direction of the trade. In industrial metal news, Nalco says that Aluminium prices may rise by up to 10% in 2 to 3 months to USD$2,000 per tonne due to subdued supply in the international market. 
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