Gold dips on Fed, copper down after Japan, China industrial looks
Steady industrial figures out of Japan and China failed to lift copper in Asia on Monday, while gold prices dipped as all eyes turn to a widely expected Federal Reserve rate hike this week, which would be the first in nearly a decade. Gold for February delivery on the Comex division of the New York Mercantile Exchange fell 0.36% to 1.071.80 a troy ounce.
Also on the Comex, silver futures for March delivery gained 0.26% to $13.920 a troy ounce. Elsewhere in metals trading, copper for March delivery eased 0.03% to $2.111 a pound. Gold futures are on track to post an annual decline of 9% in 2015, the third yearly loss in a row, as speculation over the timing of a Fed rate hike dominated market sentiment for most of the year.
NYMEX crude down in Asia despite China, Japan industrial looks
Crude oil prices dipped further in Asia on Monday despite steady industrial looks from Japan and China as supply concerns dominate the market.
Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in January fell 0.29% to $35.52 a barrel.
In Japan, the Tankan manufacturing index for large firms was steady at plus-12 for the fourth quarter, while the large non-manufacturing index dipped to plus-18 from plus-19. A positive figure indicates the majority of firms see better business conditions. China on Saturday said that industrial production in November rose 6.2% year-on-year, while retail sales gained 11.2% and fixed investment increased 10.2%.
All three economic indicators published by the National Bureau of Statistics beat estimates of economists, with industrial output growth standing out with a far better performance than expected. On the ICE Futures Exchange in London, Brent oil for January delivery sank $1.80, or 4.53%, on Friday to close the week at $37.93 a barrel. It earlier fell to $37.36, a level not seen since the depths of the global financial crisis in December 2008.
Men's high value comes from the appearance of rolex replica uk high demand for their own management. They have a breitling replica thin dress, a strip of flesh, seemingly casual but actually in the details reflect the high quality of the omega replica dress. With some exquisite accessories to decorate, whether or tie clip are carefully considered cufflinks on the election, is a piece of men's replica rolex watches sublimation of the whole shape, reflecting the unique personality and high taste.