Quick Bits
- Gold April’11 delivery settled 0.04% higher at Rs.20514/10gm yesterday.
- Silver March’11 delivery settled 1.94% higher at Rs.47177/kg yesterday.
- COMEX gold April’11 delivery settled 0.69% higher at $1384/oz yesterday.
- Silver March’11 delivery settled 2.99% higher at $31.57/oz yesterday.
- U.S. Labor Department reported yesterday that initial jobless claims rose 25,000
- last week. Total jobless claims now stood at 410,000.
- U.S. consumer price increased 0.4% in January.
- Increase in producer hedging created supply tightness in physical silver market
News @Energy
- Crude Feb’11 settled 0.64% higher at Rs.3896/barrel yes-terday.
- Natural gas Feb’11 settled 2.69% lower at Rs.175.80/mmbtu yesterday.
- NYMEX crude oil March’11 settled 1.59% higher at $86.36/barrel yesterday.
- Fresh tension erupted in middle east after protesters clashed with police in Bahrain, Yemen and Libya.
- U.S. Secretary of State Hillary Clinton urged the concerned gov-ernments to ease tension.
- U.S. natural gas daily average consumption decreased 17.1%.
News @Base Metals
- Copper February’11 settled 0.28% lower at Rs.447.90/kg yesterday.
- Lead Feb’11 settled 0.67% lower at Rs.118.20/kg yesterday.
- LME copper 3 months forward settled 0.29% higher at $9879/ton.
- World Bureau of Metal Statistics reported that global copper sur-plus narrowed to 20,000 tons in 2010 from 410,000 tons in 2009.
- U.S. manufacturing data showed that it expanded in the Philadel-phia region in February at fastest rate in seven years. Philadelphia is the manufacturing hub in U.S.
- U.S. Consumer Board index of leading indicators rose in January for seventh straight month.
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