Gold Prices Higher Since Settle – Silver and Crude Oil also Provide Gains

alt text

(Best Syndication News) Both gold and silver prices were lower during Thursday’s session, however the two precious metals picked up steam in Asia (see commodity and futures charts below). Natural gas continued to spiral lower bringing down energy stocks and commodities in general, despite an up-day on Wall Street.

Stocks were higher in Asia Friday as investors watch for an agreement between the Greek government and private bond-holders. Precious metals and some energy futures were advancing again early Friday; however stock markets are opening lower in Europe.

Precious Metals

February gold on the COMEX declined $5.40 (-0.33%) to $1,654 a troy ounce (see survey #2 settle price chart below). Since the settle Thursday, gold was slightly higher.

March silver on the COMEX fell three cents (-0.11%) to $30.51 per ounce. The ratio between gold and silver tightened to 54.20.

Platinum was lower, however palladium gained $9.90 (+1.48%) to $677.85 an ounce.

Copper was higher on the COMEX and Aluminum on the London Metal Exchange (LME) added two dollars per ton.

Hot-Rolled coil steel and uranium were unchanged.

Gold was higher while silver was unchanged on the Tokyo Commodity Exchange (TOCOM). Gold added 12 yen (+0.29%) to ¥4,111 per gram. See the TOCOM chart below for our exclusive dollar conversions.

Energy Prices

An abundant supply and low demand made natural gas today’s commodity story - again. Natural gas futures on the New York Mercantile Exchange (NYMEX) fell another 6.07 percent.

Light sweet crude oil (WTI) on the NYMEX fell five cents (-0.05%) to $100.54 a barrel. Brent crude oil futures on the Intercontinental Exchange (ICE) fell 87 cents (-0.78%) to $110.66 a barrel. The difference (spread) between the two benchmarks tightened to $10.12.

Coal prices were lower; however heating oil gained 0.75 percent.

Agricultural Products

Agricultural commodities were generally higher Thursday (see the survey #1 chart below). Cocoa, coffee and sugar were all higher on the CSCE (Coffee, Sugar and Cocoa Exchange).

Corn, soybeans and wheat on the CBOT were also higher. Orange juice gained 3.20 percent on the NYCE.

Feeder cattle and live cattle gained, however lean hogs dropped in price.

By: Tom Madison
Business Reporter

TOCOM Chart and our exclusive dollar conversions:

1/19/2012 Tokyo Commodities Exchange One-Day One-Day Five-Day 30-Day 100-Day
Yen * Commodity Dollars ¥ Change % Change % Change % Change % Change
4,111 Gold $1,664.74 12 0.29% 1.16% -4.77% -6.72%
75 Silver $30.37 0 0.00% 2.04% -5.78% -26.40%
3,786 Platinum (standard) $1,533.13 21 0.56% 2.46% -1.41% -17.14%
1,683 Palladium $681.53 41 2.50% 5.06% 4.99% -10.57%
65,720 Gasoline $3.24 400 0.61% 1.09% 1.58% 7.47%
52,240 Crude oil $108.14 480 0.93% 0.31% 1.12% 1.73%
305.5 Rubber $1.80 10 3.21% 9.50% 7.38% -16.19%
54.81 Ratio Gold/Silver 0 0.29% -0.87% 1.07% 26.74%
* ¥ / gram kiloliter and kilogram PST - conversions to $ / ounce barrel or gallon

Survey #2 Settle Price Chart:

Thursday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
1/19/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2212.00 Aluminum 3-mo LME 2.00 0.09% 2.67% 5.03% -6.61%
110.66 Brent crude (not settled) -0.87 -0.78% -1.84% 0.77% 0.46%
60.05 Coal -1.62 -2.63% -7.76% -13.03% -20.43%
3.80 Copper HG 0.05 1.28% 7.18% 5.45% -6.83%
100.54 Crude oil (WTI) -0.05 -0.05% -0.33% -0.45% 17.87%
2.13 Ethanol ZE CBOT 0.02 0.90% -6.00% -14.76% -26.36%
1654.50 Gold GC -5.40 -0.33% 0.91% -4.61% -6.16%
3.04 Heating Oil (HO) 0.02 0.75% -0.93% 1.46% 1.43%
2.32 Natural gas NG HH -0.15 -6.07% -16.29% -32.91% -40.55%
677.85 Palladium PA 9.90 1.48% 5.08% 5.17% -9.76%
1516.00 Platinum PL -7.30 -0.48% 1.30% -1.08% -16.81%
2.32 RB RBOB Gasoline -0.50 -17.82% -15.97% -11.16% -17.12%
30.51 Silver SI -0.03 -0.11% 2.07% -5.59% -25.12%
733.00 Steel Hot-Roll Coil 0.00 0.00% 0.00% 8.59% 10.23%
52.50 UxC Uranium U3O8 0.00 0.00% 1.06% 0.48% 5.11%
1/19/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
353.5 Average All -0.42 -0.12% 1.23% -0.34% -8.01%
655.9 Metals Average -0.46 -0.07% 1.77% -1.61% -11.20%
40.2 Energy Average -0.45 -1.11% -2.94% -3.55% -0.87%
54.2 Ratio Gold/Silver Prices -0.12 -0.21% -1.14% 1.04% 25.32%
-138.5 Difference Plat-Gold -1.90 1.39% -3.15% -31.44% -333.95%
1.09 Ratio Plat/Gold 0.00 0.15% -0.38% -3.57% 12.80%
1.1 Ratio Brent / WTI Prices -0.01 -0.73% -1.51% 1.23% -14.77%
$10.12 Difference Brent - CL -0.82 -7.50% -14.67% 14.74% -59.28%

Survey #1:

Thursday Survey #1 One-Day One-Day 1 Week 30-Day 100-Day
1/19/2012 Commodity $ Change % Change % Change % Change % Change
2,212.00 Aluminum 3-mo B 2.00 0.09% 2.67% 5.03% -6.61%
110.66 Brent Crude -0.87 -0.78% -2.04% 0.89% 0.46%
2,322.00 Cocoa 27.00 1.18% -1.40% 5.55% -23.87%
225.9 Coffee 2.25 1.01% -3.46% -4.30% -18.21%
3.8305 Copper 0.04 1.15% 8.11% 7.78% -6.13%
606.75 Corn X 100 13.75 2.32% -7.05% 2.41% -18.23%
98.17 Cotton 0.64 0.66% 1.34% 5.79% -5.05%
576 CRB Com Index 3.00 0.52% -0.69% -0.52% -9.65%
100.5 Crude oil -0.75 -0.74% -0.73% 0.00% 18.03%
152.78 Feeder cattle 0.40 0.26% 0.89% 5.73% 15.26%
1,657.30 Gold GC -4.70 -0.28% 0.78% -3.87% -5.96%
87.88 Lean hogs -0.25 -0.28% 5.69% -0.31% 1.03%
129.05 Live cattle 2.35 1.85% 6.23% 7.07% 12.90%
2.34 Natural gas -0.19 -7.51% -16.43% -32.37% -40.15%
198.2 Orange juice 6.15 3.20% 5.31% 10.97% 23.11%
673.3 Palladium 3.10 0.46% 4.02% 5.86% -10.52%
1,525.10 Platinum -5.90 -0.39% 1.46% 0.34% -16.06%
30.6 Silver SI 0.13 0.43% 1.97% -4.55% -24.98%
1,198.00 Soybeans X 100 15.25 1.29% -0.46% 6.35% -13.98%
24.84 Sugar 0.79 3.28% 4.68% 3.28% -15.88%
2.8215 Unleaded gasoline -0.01 -0.21% 1.68% 8.61% 3.80%
604.5 Wheat X 100 13.50 2.28% -5.84% -1.06% -23.14%
1/19/2012 Commodity Type Change One-Day 1 Week 30-Day 100-Day
569.83 Average (All) -Alum 3.56 0.63% 0.10% 2.69% -13.43%
54.08 Energy -0.45 -0.83% -1.57% 0.04% 7.13%
123.24 Livestock * 0.83 0.68% 3.83% 4.68% 11.95%
659.80 Agricultural 9.92 1.53% -2.18% 4.28% -19.31%
778.03 Metals Minus Aluminum -1.47 -0.19% 1.61% -0.65% -11.11%

Click here for Forex Currency Exchange Rates Today

Click here for Commodity Prices Today

Click here for Stock Market Today

Report Error

Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved