Precious Metals
U.S. COMEX gold futures for December delivery settled down $10.90 at $1,759.70 an ounce, with trading volume about 40 percent below its 30-average.Improving US data of consumer sentiment and
unemployment sparked a concern in the market that the Federal Reserve might cut back the monetary stimulus which boosted the markets globally.
Better than expected US consumer sentiment data and US unemployment claims has reduced the appeal for gold recently.
Gold dropped on Monday, as investors worried about uncertainty over Spain's bailout plan and as surprisingly
good U.S. data pushed demand for gold prices further down.
Indian gold pushed down further but could not fall further following international market as weaker rupee restricted the fall.
Gold for December delivery on the Multi Commodity Exchange (MCX) was 0.14 percent lower at INR31,276/10gms. After hitting the low of INR31,252/10gms.
Energy
U.S. November crude fell 21 cents, or 0.23 percent, to settle at $91.86 a barrel, having traded from $91.16 to $92.64.
US crude futures fell further as International Energy Agency in its monthly report showed a decline in oil consumption growth.
Though concerns in Middle East prevented prices to fall further.
Possibility of Tropical Storm formation on Monday. Rafael the seventeenth named storm of the season could become a hurricane and can affect the oil supply areas if impacted in the oil producing region US Crude oil fell further on Monday as Stronger US dollar compared to Euro and weaker demand for crude oil along with
global economic concerns has pushed the prices lower.
Front-month U.S. natural gas futures ended higher on Friday for a fifth day but other months lost ground, pressured by forecasts for fairly mild U.S. weather next week and profit taking after the nearby contract posted a fresh 2012 high in overnight trade.
Front-month gas futures on the New York Mercantile Exchange, the day's only gainer, ended up 0.7 cent at $3.611 per million British thermal units after climbing early to a new 2012 high of $3.638. Other months finished 2.3 to 4.6 cents lower.
Base Metals
In New York, COMEX copper for October delivery went up to settle at $3.7590 per lb, moving up 3cents or 0.80% for the day.
Base metal sector fell on Friday, concerns about the demand in top metal consumer China before its trade and economic data this week which was expected to fall further.
China's annual consumer price inflation in September eased to 1.9 percent from August's 2.0 percent. China's exports grew while imports returned to the path of expansion, suggesting government measures to boost economic growth are working and further policy change might not be needed.
Shanghai copper moved down, continuing its downfall from Friday as worries about Chinese demand and as per expected inflation data has pushed investors to check for more clarity from GDP data this week.
Three-month copper on the London Metal Exchange closed 1.26 percent lower at $8,118.25 per ton after hitting a two-week low of $8,105 earlier in the day.
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