Bullion: Gold futures on domestic exchanges declined as the rupee was strong against the US dollar. Gold's recent declines have strengthened the case for even lower prices. Gold prices are hovering a breath above $1,700 and could easily tumble to $1,680 in the next few days as technical indicators are pointing to lower prices.
Energy: Crude oil futures fell Wednesday after the Energy Department reported a big jump in U.S. oil inventories that signaled the market has plenty of supply.
Metals: Base metal prices are mostly higher in Asia trading, as dip buying and a stronger-than-expected HSBC flash China manufacturing PMI for October lend support. Benchmark three-month copper is trading at $7,892.50/ton, up 0.8% from its previous settlement.
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