Thursday, 24 December 2015

KLSE Comex Recommendations : Epic Research Malaysia


  • Gold prices struggled for direction in light pre-holiday trade on Wednesday, as investors looked ahead to key U.S. economic data later in the session for further indications on the strength of the economy.Gold for February delivery on the Comex division of the New York Mercantile Exchange shed 30 cents, or 0.03%, to trade at $1,073.80 a troy ounce during European morning hours. A day earlier, gold dipped $6.50, or 0.6%, snapping a two-day rally.
  • West Texas Intermediate oil futures extended gains from the previous session to hit a one-week high on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell last week. After markets closed Tuesday, the American Petroleum Institute, an industry group, surprised market participants and said that U.S. oil inventories fell by 3.6 million barrels in the week ended December 18, compared to expectations for a gain of 1.0 million barrels.


  • Copper traded near five-week highs amid speculation that Chinese producers will scale back production to combat falling prices.Copper is on track to post an annual decline of 26% in 2015 as fears of a China-led global economic slowdown spooked traders and rattled sentiment. The Asian nation is the world’s largest copper consumer, accounting for nearly 45% of world consumption.

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