Dear All,
BASE METAL WRAP:
Ben S. Bernanke, the world’s most-powerful central banker, says he doesn’t understand gold prices. If his peers had paid attention, they might have stopped expanding reserves that lost $545 billion in value since bullion peaked in 2011.
ENERGY WRAP:
West Texas Intermediate oil traded near the lowest level in almost a week before data forecast to show crude stockpiles rose in the U.S., where lawmakers remain deadlocked over extending the debt limit to avoid default.
PRECIOUS METAL WRAP:
Gold traded near a one-week high as investors weighed the implications for U.S. monetary stimulus of the stalemate between President Barack Obama and the Republicans over the debt limit and government shutdown.
GLOBAL EVENTS TO WATCH:
NZIER Business Confidence, CPI m/m, NFIB Small Business Index, Trade Balance, IBD/TIPP Economic Optimism, SNB Chairman Jordan Speaks.
BASE METAL WRAP:
Ben S. Bernanke, the world’s most-powerful central banker, says he doesn’t understand gold prices. If his peers had paid attention, they might have stopped expanding reserves that lost $545 billion in value since bullion peaked in 2011.
ENERGY WRAP:
West Texas Intermediate oil traded near the lowest level in almost a week before data forecast to show crude stockpiles rose in the U.S., where lawmakers remain deadlocked over extending the debt limit to avoid default.
PRECIOUS METAL WRAP:
Gold traded near a one-week high as investors weighed the implications for U.S. monetary stimulus of the stalemate between President Barack Obama and the Republicans over the debt limit and government shutdown.
GLOBAL EVENTS TO WATCH:
NZIER Business Confidence, CPI m/m, NFIB Small Business Index, Trade Balance, IBD/TIPP Economic Optimism, SNB Chairman Jordan Speaks.
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