Gold erased all its gains for the year so far, as concern that Europe’s debt crisis is deepening strengthened the dollar and reduced gold’s safe-haven appeal as an alternative asset. Copper crumbled to a 4-month low, supported by selling in all commodities on fears of a slowdown in global economic growth amid the political impasse in Greece and signs of a struggling Chinese economy. Crude oil declined to a 5-month low, as Greece's inability to form a new government raised fears it might exit the euro zone while worries about China's economic slowdown weighed on the sentiments, sparking a broad sell-off in commodities.
Commodity Highlights
- Gold below 4 – month low as dollar rises, stocks slide.
- Brent crude drops towards $ 110 as greece cloude demand.
- Copper hits near 1-month low on china woes.
- Soyabean futures hit 4pc lower circuit as funds liquidate long positions.
Here are some important DATA for Commodities-
| Time | Currency | Economic Data | Forecast | Previous |
| 18:00:00 | USD | Core CPI m/m | 0.2% | 0.2% |
| 18:00:00 | USD | Core Retail Sales m/m | 0.3% | 0.8% |
| 18:00:00 | USD | Retail Sales m/m | 0.2% | 0.8% |
| 18:00:00 | USD | CPI m/m | 0.1% | 0.3% |
| 18:00:00 | USD | Empire State Manufacturing Index | 9.3 | 6.6 |
| 18:30:00 | USD | TIC Long-Term Purchases | 19.4B | 10.1B |
| 19:00:00 | USD | FOMC Member Duke Speaks | | |
| 19:30:00 | USD | Business Inventories m/m | 0.5% | 0.6% |
| 19:30:00 | USD | NAHB Housing Market Index | 26 | 25 |
