Market Watch:Gold benchmarks will cease while copper demand slows

LENDING benchmarks for gold will come to an end next month as banks pull out from participating in said benchmarks.
Market Watch:Gold benchmarks will cease while copper demand slows Market Watch:Gold benchmarks will cease while copper demand slows Market Watch:Gold benchmarks will cease while copper demand slows Market Watch:Gold benchmarks will cease while copper demand slows Market Watch:Gold benchmarks will cease while copper demand slows

According to the London Bullion Market Association, the gold forward rates will not be published after January 30 next year.

Lower supply growth will affect the copper price, according to an ANZ report today.

Technical and geographical issues have hampered the supply of the metal and the 2014/15 supply growth forecast is estimated to be 5%, down from the 7.8% in 2013.

However, growth in demand from 5.5% this year is expected to increase to 7% in 2015, which is coming from the Chinese power sector and a pick up in restocking.

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