Gold futures traded firmly, but eased slightly from a 3-week high above $1,615 per ounce after Cyprus parliament rejected a tax on bank deposits which cast doubt on the country's bailout package, affirming a need for flight-to safety buying.
Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, increased to 1,222.16 tons, as on March 19.
Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 10,583.36 tons, as on March 19.
The euro zone's 10bn Euro ($13bn) rescue package for Cyprus is still on the table but it is up to the Mediterranean island to determine how to finance its remaining needs, the head of the Euro group said on Tuesday.
Euro area finance ministers told Cyprus to raise 5.8bn Euros ($7.5bn) from bank depositors to unlock emergency loans, maintaining the revenue target while suggesting sparing smallscale savers.
Cypriot lawmakers rejected a deeply unpopular plan to tax bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and a banking collapse.
Copper prices trades steadily & remained near 4-month lows, as equities and the euro sank versus the dollar on concerns about a potential banking collapse in Cyprus.
Global nickel market was in surplus by 17,000 tons in January 2013, as per Lisbon-based International Nickel Study Group (INSG). Nickel stocks held by producers were at 87,400 tons in Dec'12, down from 83,700 tons in Nov'12.
Crude oil futures fell sharply to below $93 per barrel, as uncertainty surrounding a bailout plan for Cyprus clouded the outlook for energy demand in the euro zone.
Crude oil supplies were down 413,000 barrels, Gasoline inventories rose 278,000 barrels, while distillate stockpiles fell 1.3mn barrels, as per API report.
Expected EIA inventories: Crude oil +1.7mn barrels Gasoline -2mn barrels & Distillate -0.9mn barrels.
Natural gas futures climbed to an 18-month high on NYMEX, as an unusually cold start to spring in the US may bolster demand for the heating fuel.
Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, increased to 1,222.16 tons, as on March 19.
Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 10,583.36 tons, as on March 19.
More From This Section
The dollar index, which measures the greenback against a basket of six other currencies, traded at 82.71, up from 82.639 in late North American trading on Monday.
The euro zone's 10bn Euro ($13bn) rescue package for Cyprus is still on the table but it is up to the Mediterranean island to determine how to finance its remaining needs, the head of the Euro group said on Tuesday.
Euro area finance ministers told Cyprus to raise 5.8bn Euros ($7.5bn) from bank depositors to unlock emergency loans, maintaining the revenue target while suggesting sparing smallscale savers.
Cypriot lawmakers rejected a deeply unpopular plan to tax bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and a banking collapse.
Copper prices trades steadily & remained near 4-month lows, as equities and the euro sank versus the dollar on concerns about a potential banking collapse in Cyprus.
Global nickel market was in surplus by 17,000 tons in January 2013, as per Lisbon-based International Nickel Study Group (INSG). Nickel stocks held by producers were at 87,400 tons in Dec'12, down from 83,700 tons in Nov'12.
Crude oil futures fell sharply to below $93 per barrel, as uncertainty surrounding a bailout plan for Cyprus clouded the outlook for energy demand in the euro zone.
Crude oil supplies were down 413,000 barrels, Gasoline inventories rose 278,000 barrels, while distillate stockpiles fell 1.3mn barrels, as per API report.
Expected EIA inventories: Crude oil +1.7mn barrels Gasoline -2mn barrels & Distillate -0.9mn barrels.
Natural gas futures climbed to an 18-month high on NYMEX, as an unusually cold start to spring in the US may bolster demand for the heating fuel.