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Palladium Market Update

Saturday, 3 January 2015


Palladium for March delivery PAH5, -0.44% lost 80 cnets to $797.60. High-grade copper for March delivery HGH5, -0.41%  was off 0.1% at $2.828 a pound.


Silver Market Update

 Silver for March delivery SIH5, +1.19% rose 20.1 cents, or 1.3%, to $15.80 an ounce. Platinum for April delivery PLJ5, -0.40%  fell $7.20, or 0.6%, to $1,202.30 an ounce.


Gold prices rebound as stocks slip

Gold prices rebounded in choppy trading Friday as equities stumbled in the wake of weaker-than-expected economic data, but the precious metal remained on track for a weekly loss.

Gold for February delivery GCG5, +0.48% rose $2.70, or 0.2%, to $1,186.80 an ounce, with volume thin at the end of the holiday season. Still, the bounce was impressive, coming off an earlier low of $1,167.30.

Oil rout continues in volatile start to 2015

 Oil futures ended the first trading day of 2015 on the same note they finished 2014, sliding to another round of lows on a surging U.S. dollar and a global glut of crude.

On the New York Mercantile Exchange, crude futures for delivery in February CLG5, -0.86%  fell 58 cents, or 1.1%, to close at $52.69 a barrel, the lowest finish since April 2009. February Brent crude LCOG5, -1.43%  on London’s ICE Futures exchange remained 13 cents lower at $56.29 a barrel, a loss of 0.2%.

Nymex WTI crude lost 45.87% through 2014, and Brent crude lost 48.26%, the largest one-year net and percentage decline since 2008 for both benchmarks.

Market Closing Update

Friday, 2 January 2015

MALAYSIAN shares ended lower on Friday with the Kuala Lumpur Composite Index slipping 8.48 points to close at 1,752.77.

Some 1.08 billion lots, valued at RM921.65 million were traded. Gainers numbered 394 while losers numbered 312.

 

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