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Commodity News and MCX Tips For Today

Power outages, strikes, floods and drought as well as lower grade source material are tightening copper supplies, potentially pushing the market into deficit earlier than expected and laying the ground for price gains later this year.
Goldman Sachs on Thursday joined the view that oil prices will remain “lower for longer” after forward prices, commodity currencies and energy equities reached levels not seen since 2005. The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labor market conditions are continuing to tighten.
Gold edged higher on Thursday, supported by the retreating U.S. dollar and a tumble in global equities as traders awaited U.S. employment data seen as key to determining when the Federal Reserve may raise interest hikes.

Commodity News by Stock Tips|Commodity Tips|Intraday Tips

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