Gold futures declined on Thursday and also closed in negative by about 5% for first quarterly on CY2013, as fears about Europe waned, equities surged and strong US economic data reduced demand for a safe haven asset.
Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to
1,221.26 tons, as on March 21.
Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 10,703.9 tons, as on March 28.
The euro rebounded from a 4-month low against the dollar, as investors continue to fret about the ramifications of the Cyprus crisis and political concerns in Italy.
Euro declined to a 1-month low versus the yen, as the single currency was weighed down by
concerns of capital outflows from the euro zone.
The dollar index, a measure of the greenback’s performance against six major global rivals,
slipped to 82.387, compared with 82.833 Thursday evening.
Copper futures slumped to a 7-month low on worries about demand for the industrial metal
following new Chinese financial market restrictions and a weaker US labor market data.
Copper futures for May delivery closed down by 1.2% at $3.402 on the COMEX division of the
NYMEX.
LME copper inventories rose to 569,775 tons, surging 78% in the first quarter of CY2013.
Crude oil futures closed higher, sealing in sizable monthly and quarterly advances. Prices on NYMEX rose 5.6% in March, up 5.9% for the first quarter & higher by 3.8% on a weekly basis.
Natural gas futures declined on profit-booking,shrugging off a supportive weekly inventory
report & with the milder turn in the extended weather outlook prompting some longs to
liquidate ahead of a three-day holiday weekend.
The US Energy Information Administration report showed total domestic gas inventories fell last week by 95bn cubic feet to 1.781 trillion cubic feet.
Gas-directed rig count fell this week for the fourth time in 5-weeks, dropping by 29 to 389,its lowest since May 1999, as per Baker Hughes.
Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to
1,221.26 tons, as on March 21.
Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 10,703.9 tons, as on March 28.
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The euro rebounded from a 4-month low against the dollar, as investors continue to fret about the ramifications of the Cyprus crisis and political concerns in Italy.
Euro declined to a 1-month low versus the yen, as the single currency was weighed down by
concerns of capital outflows from the euro zone.
The dollar index, a measure of the greenback’s performance against six major global rivals,
slipped to 82.387, compared with 82.833 Thursday evening.
Copper futures slumped to a 7-month low on worries about demand for the industrial metal
following new Chinese financial market restrictions and a weaker US labor market data.
Copper futures for May delivery closed down by 1.2% at $3.402 on the COMEX division of the
NYMEX.
LME copper inventories rose to 569,775 tons, surging 78% in the first quarter of CY2013.
Crude oil futures closed higher, sealing in sizable monthly and quarterly advances. Prices on NYMEX rose 5.6% in March, up 5.9% for the first quarter & higher by 3.8% on a weekly basis.
Natural gas futures declined on profit-booking,shrugging off a supportive weekly inventory
report & with the milder turn in the extended weather outlook prompting some longs to
liquidate ahead of a three-day holiday weekend.
The US Energy Information Administration report showed total domestic gas inventories fell last week by 95bn cubic feet to 1.781 trillion cubic feet.
Gas-directed rig count fell this week for the fourth time in 5-weeks, dropping by 29 to 389,its lowest since May 1999, as per Baker Hughes.