Commodities: Struggled to hold their levels - ANZ

Research Team at ANZ, notes that the investors continued to fret about the Fed raising rates next week, which saw gold and most industrial metals all end the session flat to lower.

Key Quotes

“Copper was the exception, with a strike in Chile providing some support to prices. Iron ore was also lower after reports suggested China is looking at property curbs. A front page commentary on the Economic Information Daily suggested China should eliminate the impact of excessive property price growth on consumption and investment. A slightly weaker USD helped support oil prices. News that forces loyal to a powerful Libyan military commander had captured two key oil ports deepened the crisis in that country and raised the spectre of continued disruptions to exports.”