Copper and other base metals slid on Tuesday on persistent uncertainty over demand in top consumer China, more weak economic data in Europe and further losses in oil prices.
Gold slipped on Tuesday as a strong dollar and signals the U.S. economy is benefiting from a decline in oil prices renewed expectations of a tightening in monetary policy by the U.S. Federal Reserve around the middle of next year.
Silver was flat at $16.42 an ounce. Federal Reserve Vice Chairman Stanley Fischer said on Monday the United States may be on the verge of a long-awaited jump in wages
that could signal the labor market has begun to heal more fully from the effects of the 2007-2009 financial crisis.
Oil prices resumed their slide on Tuesday, driven lower by a deal that will add more Iraqi crude to already oversupplied markets, higher margin requirements for trading U.S. futures and a strengthening dollar.
U.S. natural gas futures fell more than 3 percent on Tuesday, down for a third day in a row, on forecasts for much warmer-than-normal weather over the next two weeks.
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Gold slipped on Tuesday as a strong dollar and signals the U.S. economy is benefiting from a decline in oil prices renewed expectations of a tightening in monetary policy by the U.S. Federal Reserve around the middle of next year.
Silver was flat at $16.42 an ounce. Federal Reserve Vice Chairman Stanley Fischer said on Monday the United States may be on the verge of a long-awaited jump in wages
that could signal the labor market has begun to heal more fully from the effects of the 2007-2009 financial crisis.
Oil prices resumed their slide on Tuesday, driven lower by a deal that will add more Iraqi crude to already oversupplied markets, higher margin requirements for trading U.S. futures and a strengthening dollar.
U.S. natural gas futures fell more than 3 percent on Tuesday, down for a third day in a row, on forecasts for much warmer-than-normal weather over the next two weeks.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
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