- Silver futures were trading lower during noon trade in the domestic market on Tuesday as investors and speculators stuck to a cautious approach after Fed Chair Janet Yellen stuck to her view over a gradual hike in US interest rates despite signs last week that the US job market was losing momentum.
- Copper futures fell during late morning trade in the domestic market on Tuesday as traders awaited China’s foreign trade data to be released tomorrow which may offer fresh cues over the health of the world’s biggest metals consuming nation.A gauge of US labour market conditions deteriorated sharply in May to -4.8 from a revised -3.4 in April confirming the slowdown in the job market in the world’s biggest economy that may curb demand.
- Crude oil futures consolidated an overnight rally in early trade on Tuesday as reports of more attacks by militants on Nigeria’s oil operations which have pushed the country’s output to the lowest level in 27 years and shut the majority of the country’s 23 gas-powered generators raised supply concerns.
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