On the Commodities Front: Gold, Silver and Crude Oil
Following yesterday's move to the Southside on a strong USD, commodities like Gold, Silver and Crude Oil posted gains today.
Gold prices added 1.8% to finish at 1810 oz and Silver futures gained 2.4% to finish at 40.12 oz
Neither metal recouped all of yesterday's losses, but the Gold price came close. Weakness in the USD helped the precious metals move higher.
Crude Oil futures gained 1.5% to settle at 86.92 bbl. Also helping Crude Oil futures higher Tuesday was some Short covering ahead of the US Fed Chairman's press conference tomorrow.
Nat Gas finished off 0.9% at 3.80 per MMBtu
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.