Bullion: Gold futures ticked higher Tuesday, tracking a
retreat in the U.S. dollar on hopes that Spain was moving nearer to a bailout
request. The dollar was lower against some other major currencies Tuesday after
a Spanish official outlined some potential terms for a bailout request. Concerns
about whether Spain would ask for an international backstop for its rattled
financial system had kept pressure on currencies seen as risky in recent weeks,
sending investors into the U.S. dollar.
Energy: Crude-oil futures prices were little changed
Tuesday, awaiting direction from upcoming U.S. weekly oil-inventory data.
Market is looking for direction from widely watched U.S. weekly oil-inventory
data.
Metals: Copper futures edged higher, recovering from a
one-month low, as traders were encouraged by a weaker dollar and stronger U.S. industrial
production data. U.S. industrial output rose 0.4% in September, while capacity
utilization inched ahead to 78.3% from 78.0%
the previous month. The data beat forecasts of a 0.2% rise in output and
capacity utilization of 78.2%. Traders took the data as a positive sign of
future demand for the metal.
No comments:
Post a Comment