SMR: Commodities daily update: precious metals, base metals, crude oil
- High prices deterred buyers at Abu Dhabi's gold market in the first quarter, sending retail sales at least 20 percent lower yearon- year, a trend seen continuing in the next quarter, traders said.
- Japan's crude steel output surged 62.8 percent from a year earlier in March, the fifth straight month of year-on-year increases, powered by robust exports to Asia and strong demand from automakers.
- Indonesia's oil output may hit 917,000 barrels per day, falling short of this year's target of 965,000 bpd and below last year's level due to environmental and other issues, an energy watchdog official said on Monday.
- Venezuelan oil exports rose by 161,673 barrels per day in March versus February shipments, data from the OPEC nation's oil ministry showed.
