GOLD OFF 3-WEEK HIGH, EURO ZONE DEBT FEARS SUPPORT.
OIL FALLS FROM ONE-WEEK HIGH IN NEW YORK AS U.S. GASOLINE STOCKPILES SURGE.
COPPER ADVANCES FOR SECOND DAY AS DEMAND OUTLOOK TURNS POSITIVE.DOMESTIC OIL SEED AND EDIBLE FUTURES OIL TRADE BULLISH.
Gold hit a three-week high on Wednesday.
Copper rose more than 2 percent on Wednesday.
Zinc its highest in three weeks.
Oil prices rose to their highest level in two weeks.
Surprise U.S. distillate stock draw lifts crude.
MCX Silver and gold will touch 60000 and 23000 Respectively Read Full Posting..Copper rose more than 2 percent on Wednesday as the spotlight returned to its tight longer-term supply fundamentals after the world's largest miner announced an output reduction. Oil turned higher on Wednesday with Brent crude climbing above $113 a barrel after weekly U.S. government inventory figures an unexpected draw in stocks of distillates. Gold hit a three-week high on Wednesday, boosted by concern over the debt crisis in euro zone countries such as Greece and a softer dollar after weak U.S. economic data which also helped shore up prices.
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Copper rose more than 2 percent on Wednesday.
Zinc its highest in three weeks.
Oil prices rose to their highest level in two weeks.
Surprise U.S. distillate stock draw lifts crude.
MCX Silver and gold will touch 60000 and 23000 Respectively Read Full Posting..Copper rose more than 2 percent on Wednesday as the spotlight returned to its tight longer-term supply fundamentals after the world's largest miner announced an output reduction. Oil turned higher on Wednesday with Brent crude climbing above $113 a barrel after weekly U.S. government inventory figures an unexpected draw in stocks of distillates. Gold hit a three-week high on Wednesday, boosted by concern over the debt crisis in euro zone countries such as Greece and a softer dollar after weak U.S. economic data which also helped shore up prices.
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