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Sunday, January 12, 2014

DAILY COMMODITY MARKET STRATEGY


BASE METAL WRAP: Nickel climbed to the highest level in two weeks, leading gains in industrial metals, after Indonesia started a ban on mineral ore exports.

ENERGY WRAP: West Texas Intermediate rose for a second day after slower-than-estimated growth in U.S. payrolls eased speculation the Federal Reserve will further curtail economic stimulus in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold climbed to the highest level in a month on speculation that the Federal Reserve will slow the pace of cuts to stimulus after U.S. payrolls increased less than analysts forecast. Silver, platinum and palladium rose.

GLOBAL EVENTS TO WATCH: Italian Industrial Production m/m, BOC Business Outlook Survey.

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