Gold prices-Gold rose for a second session on Thursday, recovering from a one-week low as pressure on global equity markets and weakness in the U.S. dollar underpinned the precious metal. Chicago Federal Reserve Bank President Charles Evans said he was nervous about the potential effects of China's slowdown on the U.S. economy and about the possibility that inflation expectations may be slipping.
MCX Copper Tips-Copper prices hover at lows and have a good prospect to be the worst performer on Thursday. LME copper will move between USD 4,340-4,390/mt during Asian trading hours today. US initial jobless claims will be released today, with Bank of England’s interest rate decision eyed. Base metals will likely rebound but diverge. St. Louis Fed chairman will speak today speak on US economy and monetary policy today. Boston Fed chairman said global and US economies are expected to slow, so the US Fed may raise interest rate more gradually.
Crude oil prices-U.S. crude futures eked out gains for a second day in early Asian trade on Thursday, though the market remains vulnerable to gloom over a world awash with supply and concerns about economic growth hitting equity markets. A bearish report from the U.S. Energy Information Administration on Tuesday underlined concerns that demand is stagnating as more supply comes to market. WTI is down about 20 percent from a high on the first day of trading in 2016 and fell through the important $30 barrier on Tuesday before recouping some of the losses.
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Asian trading on Friday after big falls in the previous session as investors in Crude oil futures.
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