Commodity Weekly Market Report ? Where to Invest! Finance Articles | July 2 https://www.cheapshoesclearancesale.com/ , 2013 The spot price of gold rebounded from a 34-month low, jumping the most in a month, on signs of increased demand for jewelry, coins and bars after the metal headed for the biggest quarterly drop in at least 93 years.
Gold for immediate delivery advanced 2.2 percent to $1,227. Earlier Adidas Shoes Wholesale , the price touched $1,180.50, the lowest since August 2010.On the Comex in New York, gold futures for August delivery rose 1 percent to settle at $1,223.70. Trading was 66 percent above the average in the past 100 days for this time. Spot silver jumped 5.5 percent to $19.5093 an ounce Adidas Shoes Clearance , while prices in New York settled at $19.47, up 4.9 percent.
Today?s jump narrowed the precious metal?s annual drop to 36 percent, which is the biggest slide among 24 commodities tracked by the Standard & Poor?s GSCI Spot Index. West Texas Intermediate rose for a fifth day, its longest increase since April, on that signs of economic recovery in the U.S. and Germany will support fuel consumption.WTI for August delivery increased as much as 77 cents to $97.82 a barrel in electronic trading on the New York Mercantile Exchange Cheap Adidas Shoes 2020 , the highest intraday price since June 20. The contract rose $1.55, or 1.6 percent, to $97.05 yesterday, the biggest gain since May 3. Futures are up 5.8 percent this month and little changed in the second quarter.
Weekly Technical View: Gold
Gold future prices maintained negative trend during the week but on Friday it manage to close in green. Short covering may continue in coming week and price may test 26200 levels. Now 14 Day RSI prefers the firmness and remained in neutral region along with stochastic are favoring the positive sign and moved in the neutral region. Concisely, prices are likely to trade in the range of 25000-26200 in coming trading week.
Weekly Technical View: Natural Gas
On last week natural gas closed below 50 days moving average. We recommend sell natural gas for medium term with stop loss of 108. The immediate support appears around 103 levels breaching which the stock can reach 102 levels. Stock has strong resistance at 106.30 levels.
?Economic Round Up: -
India?s rupee rose the most since September Cheap Adidas Shoes Online , extending its rebound from a record low, as investors reassessed expectations for a reduction in U.S. stimulus. Stocks and bonds surged the most in at least a year. Confidence in Indian assets was also boosted as the government agreed to raise natural gas prices, which FirstRand Ltd. (FSR) says will encourage local explorers and cut dependence on imports. Federal Reserve Bank of New York President William C. Dudley said policy makers may prolong their asset-purchase program should the world?s biggest economy fail to meet forecasts. More Fed officials are due to speak. The gas-price increases ?is a huge positive for the rupee,? said Harihar Krishnamoorthy, Mumbai-based treasurer at the Indian unit of FirstRand. ?We should see more voices from the U.S. downplaying global concerns and the rupee should see a more steady correction from here.?
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Asia?s 1997 financial crisis won?t repeat itself Cheap Adidas Shoes From China , even as a slowing Chinese economy unnerves the region?s financial markets. Current account positions are now mostly in surplus, which should cushion the blow from an outflow of capital, Neumann said. Banking systems also appear more robust, with better regulatory systems, higher capital buffers and lower loan-to-deposit rates. There are also no ?glaring? mismatches between assets and liabilities Cheap Adidas Running Shoes , he said. In the 1990s, most external borrowing was in U.S. dollars. By contrast, most of the debt that investors have taken on in recent years is in local currency, so a surge in the dollar won?t impose a spike in debt-service costs.
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