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Monday, 13 May 2013

Commodities Markets


Gold drops 1 pct to near 2-week low as dollar firms
Gold fell more than 1 percent on Monday, holding near its weakest level in two weeks, as the dollar firmed on signs of an improving U.S. job market and as holdings in exchange-traded funds slipped again.

WTI Drops a Third Day as OPEC Boosts Output to Five-Month High
West Texas Intermediate crude fell for a third day, the longest run of declines in four weeks, as OPEC boosted output to the highest level in five months. WTI futures slid as much as 1 percent in New York, and London-traded Brent decreased for a second day.

Asian Stock Index Rises as Japan Exporters Rally on Yen
Asia's regional benchmark stock index headed for its first advance in three days, driven by a rally in Japanese exporters after the yen weakened past 102 versus the dollar. Stocks outside Japan declined.

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