COMMODITIES DAYBOOK: Gold Declines as Asian Demand May Weaken
Gold fell in London as a stronger dollar and holidays in Asia may curb demand for the metal.
WHAT TO WATCH: (ALL TIMES NEW YORK) 8:30 a.m. USDA Red Meat Production 8:30 a.m. Net Export Sales of Corn, Soy, Wheat, Cotton 10:00 a.m. American Petroleum Institute Monthly Report 1:00 p.m. Baker Hughes Rig Count 2:00 p.m. USDA Cattle, Hog Slaughter 3:00 p.m. Cattle on Feed-Feedlots TOP STORIES -Gold Falls as Dollar’s Advance, Asian Holidays May Curb Demand -Oil Trims Weekly Gain as Greek Risk Offsets U.S. Rebound Hopes -Viterra Seeking Black Sea Grain Expansion as Food Trade Gains -Roubini Says Global Risks That Sparked 2011 Volatility to Stay -Corn Declines as Council Forecasts Record Global Production -Korea Shipyards to Buy 12% Less Steel Plate as Slump Hits Posco -China Manufacturing Contraction Boosts Case for Easing: Economy -Gas Rout Not Over as BofA Sees Prices Below $2: Energy Markets -Norilsk Nickel Plans to Trim Output in Russia in 2012, CEO Says -U.S. Holds Military Talks on Iran as Europe Readies Bank Freeze ON THE FRONT PAGES: -Mozambique Floods Leave Three People Dead in South, TM Reports -Gazprom CEO Miller May Leave Company Position, Vedomosti Says -Japan Must End Power Monopolies After Fukushima, Edano Tells FT -Japan May Make Utility Rate Increases Easier, Asahi Says ECONOMIC DATA: (ALL TIMES NEW YORK) 7:00 a.m. Canada Consumer Price Index 10:00 a.m. U.S. Existing Home Sales MARKETS (5:45 a.m. NY Time): Last Chg %Chg WTI Crude Oil $99.78 -0.61 -0.6 Gasoline $2.81 -0.001 0.0 Natural Gas $2.34 +0.013 +0.6 Copper $8,287.00 -78.00 -0.9 Gold $1,648.33 -10.02 -0.6 Wheat $6.06 +0.135 +2.3 Dollar Index 80.28 +0.22 +0.3 MSCI All-Country Index 314.38 +0.62 +0.2
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