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Tuesday, April 5, 2011

Commodity Market prediction for tomorrow


Copper rose on Monday but pared early gains .
Lead touches 3-year high on Monday.
Inventories of copper at the LME fell 950 tonnes .
Gold rose back above $1,430 an ounce on Monday .
Oil prices climb on Mideast, North Africa unrest .
Gold rose back above $1,430 an ounce on Monday as oil prices climbed and the dollar eased, and as traders anticipate a rate hike from the European Central Bank may lead to further weakness in the U.S. currency. Copper rose on Monday but pared early gains as investors shifted their focus from upbeat U.S. economic data to recent softness in demand from China, where the markets will be closed until Wednesday. 

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