Commodities Futures Today

Gold Prices Dropped while Silver was Unchanged – USD Up vs JPY but Down vs EUR – Crude Oil Lower

alt text

(Best Syndication News) Brent crude oil advanced today as tensions between Iran and the United States continued to fester (see forex and commodities charts below). The dollar gained against the yen but slipped against the euro despite the uncertainty in Europe.

Precious Metals

Gold prices were lower Friday and Monday after seven straight positive sessions on the COMEX (see the survey #2 chart below). Encouraging economic news and low interest rates in the United States helped propel the golden metal lower.

Silver and Gold Prices Slide while Crude Oil Futures Advance - Commodity Report

alt text

(Best Syndication News) Risk was “on” as traders moved back into equities and crude oil again Friday (see futures charts below). Good economic news discouraged gold and silver investors in the United States and Asia.

The prospect of long-term low interest rates fueled a rally in gold prices early last week. But better-than-expected unemployment figures triggered a slight sell-off on Friday.

Traders were anticipating a low unemployment number Friday, however, the 8.3 percent figure was a welcome surprise. Analysts had expected the rate to hit 8.5 percent in January. Payrolls were higher than anticipated, while the number of Americans without a job was the lowest since February 2009.

Forex Trading and Commodities – Gold and Silver Prices Advance while USD was mixed vs EUR and JPY

alt text

(Best Syndication News) Gold prices jumped again today as traders took advantage of the long-term policy signals from the Federal Reserve (see forex and futures charts below). Although inflation could be curtailed by low rates, investors balked at the weak pay-off in government Treasuries.

Precious Metals

Gold has been higher seven-straight sessions while copper, aluminum, and other utilitarian metals bounced around. April gold on the COMEX added $9.80 (+0.56%), to settle at $1,759.30 on Thursday (see survey #2 settle price chart below).

Gold Prices Climb as Silver Slips– USD Higher vs EUR but Lower vs JPY – Brent Crude Oil Mixed

alt text

(Best Syndication News) Gold and silver prices moved in opposite directions Tuesday as traders looked for safe-havens (see forex and futures charts below). The U.S. dollar declined against the yen but gained ground versus the euro.

World Economic News

The Australian Bureau of Statistics (ABS) said that home prices fell 4.8 percent on a seasonally adjusted annual basis in the fourth quarter 2011. Economists thought the decline would only be 3.3 percent. This could signal another round of rate cuts.

Gold Prices Advance while Silver Slips – USD down vs EUR and JPY – WTI and Brent Crude Oil Lower

alt text

(Best Syndication News) The dollar fell broadly Monday while optimism in Greece turned to frustration (see forex and futures charts below). Gold prices advanced slightly while silver and crude oil futures slipped.

World Economic News

Lack of a substantive solution in Brussels Monday failed to halt advancing stock prices in Asia early Tuesday, despite a down-day in the United States. German Chancellor Angela Merkel expressed her aggravation Monday after the Summit, saying the Greek government needs to enact more austerity measures.

Syndicate content


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