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11 Dec 2016 | 7:28 PM
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Weekly

Commodity Research Report: Weekly Report :Metals & Energy

Weekly Report ( Metals & Energy) 27-31 October'14
27 Oct 2014 | 06:09 PM

  •  Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth compared to last year, a senior official at the country's biggest gold trade group said. Premiums in India, the second biggest buyer of bullion, jumped to $17-$18 an ounce this week, compared with $12 last week, on surging demand.
  •  U.S. house prices saw an unusually strong uptick in August compared with July, according to the Federal Housing Finance Agency monthly House Price Index. The index gained 0.5 percent from the previous month.
  •  U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January. Finan-cial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index fell to 56.2 from September's final reading of 57.5.
  •  Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18. Claims had declined for three straight weeks and last week's increase was in line with economists' expectations.
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