Crude rose more than 3% to trade around $ 80 per barrel

Crude rose more than 3% to trade around $ 80 per barrel on Thursday after positive US economic data.

Copper prices jumped the most in a week. The metal jumped more than 3% in trade. Among others Aluminum, Nickel, and Zinc prices rose between 2-5%.

In the forex market, the Dollar headed for a fourth monthly drop against the Euro, its longest stretch since 2004. The dollar index dropped around 0.6% to just below the 76 mark.

By Manisha Gupta, Commodities Editor of CNBC-TV18

Gold

Gold rose most in 3 weeks and settled up 1.6% at 47/ounce. It made low at 26/ounce.

Base metals

Base metals gained on dollar decline and strong US data. US 3Q GDP advanced at an annual rate of 3.5% against estimate of 3.3%; after contracting 0.7% in 2Q. Remember, these are advance numbers and still preliminary and final 3Q GDP numbers to be released.

Copper gained most in a week and was up 3.6% to 65/tonne. Shanghai copper opened 3% higher.

Crude

Crude gained 3.1% to end at .87/bbl. In Asia back, it was above /bbl.

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