Commodities Futures Today

Gold and Silver Prices Higher while Crude Oil Drops

alt text

(Best Syndication News) Gold and silver futures increased in value as Brent crude and WTI began to decline (see futures charts below). Natural gas finally advanced Friday after declining eight straight days.

Precious Metals

February gold on the COMEX climbed $9.50 (+0.57%) to $1,664.00 a troy ounce (see the survey #2 settle price chart below).

Silver for March delivery added $1.17 (+3.82%) to $31.68 a troy ounce. The ratio between gold and silver tightened to 52.5.

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.

Forex Trading and Futures – Gold Prices Higher Again – Crude Oil Slips – USD Mixed vs EUR and JPY

alt text

(Best Syndication News) Gold and silver prices increased again Wednesday as a gloomy economic forecast is released and the euro rebounds (see forex and futures tables below). A mixed bag of economic news sent futures and forex markets in different directions.

World Economic News

The International Monetary Fund (IMF) reviewed their fund resources Tuesday and provided a statement. In order to boost their power in dealing with European sovereign debt issues, the IMF wants another $500 billion in lending capacity. Although the U.S. is resistant to the idea, the IMF is looking for EU members to contribute $200 billion.

Forex Trading and Currency Exchange Rates – USD Down vs EUR and JPY

alt text

(Best Syndication News) The U.S. dollar declined against all major currencies with the exception of the pound sterling Tuesday / Wednesday (see forex charts below). The euro gained against the Japanese yen.

World Economic News

Industrial production in Japan declined 4.2 percent in November year-on-year (YoY), according to the Ministry of Economy, Trade and Industry. The government reported that industrial output dropped 2.7 percent month-on-month (MoM). Industrial output in October fell 2.6 percent.

Gold Prices Ratchet-Up as Silver and Crude Oil Climb on Growth Optimism

alt text

(Best Syndication News) Precious metal prices shot-up more than one percent Tuesday as investors see growth in China (see commodities charts below). Tensions between the United States and Iran along with an improved economic outlook helped shore up sagging oil prices.

Energy Prices

February light sweet crude oil on the New York Mercantile Exchange had been lower three straight days, but the trend reversed on Tuesday (see the survey #2 chart below). The price of WTI jumped $2.01 (+2.04%) to $100.71 a barrel.

Syndicate content
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