Commodity Blog

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Commodity Prices — May 1st 2012 Posted: 01 May 2012 01:58 PM PDT Latest commodity prices (ICE, NYMEX, CME) as of 20:57 GMT: Oil (Brent) — $119.65 per barrel. Gold — $1,663.30 per troy ounce. Silver — $30.93 per troy ounce. Palladium — $680.00 per troy ounce. Copper — $383.40 per 100 pounds. Cocoa — $2,337.00 per metric ton. Sugar — $20.99 per 100 pounds. Corn — $656.00 per 100 bushels. Soybean — $1,496.00 per 100 bushels. Posted on Commodity blog.

Precious Metals Decline as Manufacturing in China & US Expands Posted: 01 May 2012 01:29 PM PDT Gold and other precious metals retreated today as positive market sentiment decreased demand for safer assets. The Standard & Poor's 500 Index of stocks jumped as much as 1.2 percent, showing that traders were willing to risk. Institute for Supply Management reported that US manufacturing Purchasing Managers’ Index rose from 53.4 in March to 54.8 in April. Analysts predict that reports this week will show that US employment grew with faster pace. The report of China Federation of Logistics and Purchasing showed that China’s manufacturing PMI advanced from 53.1 to 53.3. Demand for safety of precious metals may yet return as problems in Europe continue to have an adverse impact on the global economy. Yesterday’s report about a recession in Spain trimmed optimism among investors. Political struggle in France doesn’t help traders’ sentiment either. Gold slipped from $1,665.00 to $1,663.30 per ounce as of 20:23 on COMEX today, erasing earlier advance to $1,670.50. Silver declined from $31.05 to $30.93 per ounce and palladium went down from $682.35 to $680.05 per ounce today. (...) Read the rest of Precious Metals Decline as Manufacturing in China & US Expands (12 words) Posted on Commodity blog.

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