Published on Thu, Sep 02, 2010 at 08:02 | Source : Moneycontrol.com
Updated at Thu, Sep 02, 2010 at 08:04
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
Crude gains nearly 3% close to $74 mark
In the commodity space oil prices spiked nearly 3% close to the USD 74 mark supported by a strong rally in the US equities and positive economic data. It is trading at USD 73.81 per barrel.
In the commodity space oil prices spiked nearly 3% close to the USD 74 mark supported by a strong rally in the US equities and positive economic data. It is trading at USD 73.81 per barrel.
Base metals gained and copper rallied as manufacturing in the US and China grew faster than economists estimated.
Gold however turned lower after an initial rally above USD 1,250 an ounce fizzled. Strong US manufacturing data boosted investor appetite for riskier assets such as stocks, dampening the yellow metal's safe haven appeal.
