Tuesday 27 January 2015

Commodity Market News-28 Jan 2015

Free Commodity News

Gold: rose 1 percent on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.

Silver:
was up 0.9 percent at $18.03 an ounce. U.S. business investment spending fell for a fourth straight month in December, a sign that slowing global growth may be weighing on the economy, but consumers remained upbeat and new home sales in December hit their highest level since June 2008.

Crude Oil:
jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.

Natural Gas: U.S. natural gas futures ended up 3.5 percent on Tuesday on forecasts for more cold weather over the next two weeks while a blizzard continues to batter parts of the U.S. Northeast.

Copper: slid on Tuesday back towards the prior session's 5-1/2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories.

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