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Oil prices drop amid weak data
Published on Saturday, June 4, 2016 9:51 AM

Oil prices ended lower as investors were sifting through the downbeat US jobs data and the outcome of an OPEC (Organization of the Petroleum Exporting Countries) meeting.

The West Texas Intermediate for July delivery on Friday lost 55 cents to settle at $48.62 a barrel on the New York Mercantile Exchange, while Brent crude for August delivery decreased 40 cents to close at $ ...

Oil prices drop amid weak data
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Gold mining surge lifts Canadian stocks higher
Published on Saturday, June 4, 2016 1:19 PM

Canada's main stock market in Toronto was pushed higher as gold mining stocks surged after weaker-than-expected US jobs data reduced expectations for an interest rate hike by the Federal Reserve.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index gained 89.79 point, or 0.64 percent, to close at 14,226.78 points on Friday, Xinhua news ...

Gold mining surge lifts Canadian stocks higher
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Copper gains on bullish euro zone data
Published on Friday, June 3, 2016 6:05 PM

Copper prices rose by 0.92 per cent on Friday after Euro zone service sector activity rose unexpectedly in the last quarter signaling improvement in the region which raised the demand for the metal. In a report, markit said that Euro Zone Services PMI rose to 53.3, from 53.1 in the preceding quarter. Analysts had expected Euro Zone Services PMI to remain unchanged at 53.1 in the last quarter ...

Copper  gains  on bullish euro  zone data
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Silver edges higher with US jobs data in focus
Published on Friday, June 3, 2016 4:41 PM

Silver futures advanced during evening trade in the domestic market on Friday as investors and speculators eyed the key US May jobs data which may dictate whether the US Fed raises interest rates as early as this month. The world’s biggest economy is tipped to have added a robust 160K jobs in May with the unemployment rate slipping to 4.9 per cent, analysts’ estimates showed.

...

Silver edges  higher with US  jobs data  in focus
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Robust physical demand buoys Zinc
Published on Friday, June 3, 2016 4:39 PM

Zinc futures jumped during evening trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic metal.

Meanwhile, investors weighed economic data from the US and China with private employment in the world’s biggest economy rising by 173,000 in May, up from 166,000 ...

Robust  physical  demand buoys  Zinc
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Improving Euro area outlook buoys Copper
Published on Friday, June 3, 2016 4:36 PM

Copper futures jumped nearly 2 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid hopes that an improved outlook in the 19-member economy may lift demand.

The European Central Bank (ECB) upgraded its Euro area economic growth forecast for 2016 to 1.6 per cent from 1.4 per cent earlier while a ...

Improving  Euro  area outlook buoys  Copper
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Gold flat ahead of US jobs data
Published on Friday, June 3, 2016 4:34 PM

Gold futures were trading little changed during noon trade in the domestic market on Friday as traders stuck to a cautious approach ahead of the US jobs data which may dictate the timing of the next Fed interest rate hike . The world’s biggest economy is tipped to have added a robust 160K jobs in May with the unemployment rate slipping to 4.9 per cent, analysts’ estimates showed. ...

Gold  flat ahead of US  jobs data
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Bullish demand lifts Lead futures
Published on Friday, June 3, 2016 4:32 PM

Lead prices rose by 0.61 per cent on Friday at the domestic markets due to high demand from battery-makers and other consuming industries at the domestic spot market as well as a strong trend at the global market.

At the MCX, Lead futures, for the June 2016 contract, is trading at Rs 116 per kg, up by 0.61 per cent, after opening at Rs 115.15, against a previous close of Rs 115.30 ...

Bullish  demand lifts  Lead futures
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Oil scores modest gains on US inventory drop
Published on Friday, June 3, 2016 4:30 PM

Crude oil futures were trading higher during noon trade on Friday as investors and speculators booked fresh positions in energy commodity as a third straight dip in the US crude oil inventories last week eased concerns over a global supply glut. The EIA said that US crude oil inventories fell by 1.4 million barrels last week.

Meanwhile, the OPEC meet on Thursday turned out to be a ...

Oil scores  modest gains on US  inventory drop
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