Thursday, 7 April 2016

Strobing commodities


Precious metals fell because of the risk appetite of investors. Over six tons of gold were sold minutes before the Fed’s publication. Gold fell to $ 1226.32 an ounce.
The main metals permormed miscellaneous. Copper faced bright future ahead and managed to rise to almost $2.133 for a pound. Aluminum and zinc ended with a fall.
Oil prices returned to growth, gaining more than 3 percent to $ 38 a barrel. The black gold received support from the bad data on US oil stockpiles. For the week to April 1 oil stockpiles fell by 4.9 mln barrels. The expectations of analysts ware for an increase of 3.3 mln barrels.


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