Commodity News On 30-11-2012

GOLD
Gold traded flat on Friday as uncertainty surrounding the U.S. budget talks kept sentiment muted, while bullion was on track for a 1.6 percent weekly decline – its biggest in four weeks.

SPOT GOLD
Spot gold traded little changed at $1,724.56 an ounce by 0027 GMT, headed for a 0.3 percent monthly rise.

BRENT CRUDE
Brent crude rose $1.25 a barrel to $110.76 by 1:36 p.m. EST (1836 GMT), topping its 50-day moving average price of $110.58.

U.S.CRUDE
U.S. Crude was up $1.55 at $88.04 a barrel, 25 cents above the 50-day moving average.

COPPER
London copper slipped on Friday but was set to finish the month higher on signs a recovery in China’s economic growth took root in November, although worries over Europe and the United States kept gains constrained.

LME COPPER
Three-month copper on the London Metal Exchange slipped by 0.28 percent to $7,877 a tonne by 0123 GMT, reversing gains from the previous session when it hit a five-week high.

As per market experts trading range for the silver for the day is 40781-42271. Price fluctuations in commodity market is primarily ruled by demand and supply of that commodity.