COMMODITY MARKET UPDATES FOR 07/01/2014

Most Asian equities ended on a negative note wherein mainly pressure came in from the negative HSBC Chinese PMI service number. European equities are also trading on marginally negative note

From commodities, 

Gold is trading on a marginally negative note at $1238, while silver is trading at $20 down by 0.05% and 0.7% respectively at the Comex platform. WTI crude is trading marginally higher at $94.5 per barrel up by 0.6% at the NYMEX platform after witnessing a sharp cut on Friday. Base metals 3M forwards at the LME platform are trading lower in the range of 0.2% to 1% at the LME platform and expect the metals pack to continue to maintain its moderate weakness for the latter half of the session as well.

GOLD                                1240              UP                    2.90

OIL                                      93               UP                     0.25