Brent Crude Prices rose as turmoil in Middle Esat unsettled investors - ZENMoney

Brent Crude Prices rose as turmoil in the Middle East unsettled investors along with signs of tightening supply in the US Midwest strengthened US crude prices relative to other contracts. The outlook for crude exports from South Sudan remained murky as a meeting of top officials from Juba and Khartoum failed to resolve a conflict.

Gold prices fell as the dollar strengthened and as investors looked for further indications that the Federal Reserve may soon end its US stimulus program. A short covering along with robust buying orders from China supported the Yellow metal during the morning session. The Yellow metal is trading catious ahead of Friday's US monthly employment report. The comments from two Federal Reserve officials on US Federal reserve stimulus programme supported the yellow metal during Wednesday morning session.

Silver Prices fell due to a stronger dollar on the back of data coming in from US and on further indications that the Federal Reserve may soon end its US stimulus program. The wihite metal was supported by on sustained buying by stockists, amid a firming global trend along with increased offtake by industrial units and coin makers at domestic markets.

Base metals prices rose at domestic markets on sustained stockist offtake amidst good industrial demand on the back of higher London Metal Exchange cues. Astronger dollar on the back of expectations of an end in US monetary stimulus along with concerns about economic prospects in China which led for profit taking and ahead of Friday's US non-farm payrolls data weighed on Base metal price.

Source : Equity Bulls

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