Copper slips for a second straight day on Fed speculation

Source: Bloomberg
Copper futures with settlement in three months were lower by 0.4% to $7,541 metric ton in the morning of the London Metal Exchange hours on Thursday. The price declined for s second straight day amid speculation that the Federal Reserve Bank will curb monetary stimulus and that would threat demand in the U.S., which is the second-largest world consumer of the metal.
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Thu, 11 Apr 2013 16:45:35 GMT

Gold appreciates on weakening U.S. Dollar

Gold futures for June settlement were higher by 0.4% to $1,564.40 an ounce in the morning of New York trading hours on Thursday. The metal gains the second time from three previous days, as the U.S. Dollar edges lower and boosts demand for the precious metals. The U.S. Dollar lost 0.6% versus six major counterparts, as weak jobless data increase

Thu, 11 Apr 2013 15:08:34 GMT

U.K inflation expectations reach a four-and-half year high

The 10-year break-even norm, an index measuring expectations of the annual expectations, increased to the highest level in previous four-and-half year. It advanced by four basis points to 3.38 percentage points at midday London trading hours on Thursday. The rate gained after the Debt Management Office sold inflation related bonds valued for 1.6 billion Pounds with maturity in 2024.

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