Commodity Blog

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Copper Rallies, Gains in Danger from Rising Supply Posted: 26 Mar 2013 06:04 PM PDT Copper advanced today as positive fundamental data made traders more inclined to buy the metal. US durable goods orders grew more than was predicted by analysts. The S&P/Case-Shiller home price index grew 8.1 percent in January from a year ago, posting the biggest annual increase since June 2006. The market sentiment was favorable to riskier assets, adding to the strength of the industrial metal. Not all fundamentals were that [...]

US Durable Goods Orders Support Crude Oil’s Rally Posted: 26 Mar 2013 03:16 PM PDT Crude oil jumped today as positive reports from the United States improved prospects for fuel demand. US durable goods orders edged up 5.7 percent in February, compared to the median forecast of 3.9 percent. US stock markets added to good news as the Standard & Poor's 500 Index rallied 0.8 percent. Cyprus remains a source of confusion and uncertainty on markets. The terms of the bailout for the country included losses for private sector, making [...]

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