Commodity Blog

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Commodities Decline as European Summit Starts Posted: 28 Jun 2012 03:38 PM PDT Commodities fell today as the summit of European leaders started. Traders are rather pessimistic about the outcome of the meeting. France and other countries would likely call for implementation of joint euro-bonds, but Germany would certainly oppose that idea as it was doing previously. The news from the United State was also not particularly encouraging. Unemployment claims stayed near highest level this year. Economic growth slowed to 1.9 percent in the first quarter of 2012 from 3.0 percent in the previous three months. Mood on markets was depressed under such circumstances and commodities felt downside pressure. The Standard & Poor’s GSCI Index of 24 commodities slid as much as 1.7 percent. Brent crude dropped from $93.69 to $92.04 per barrel as of 22:29 GMT today on ICE. Gold was down from $1,570.00 to $1,552.30 per ounce on COMEX. Copper declined from $3.3550 to $3.3335 per pound today. (...) Read the rest of Commodities Decline as European Summit Starts (12 words) Posted on Commodity blog.

Commodity Prices — June 28th 2012 Posted: 28 Jun 2012 11:49 AM PDT Latest commodity prices (ICE, NYMEX, CME) as of 18:47 GMT: Oil (Brent) — $91.55 per barrel. Gold — $1,551.50 per troy ounce. Silver — $26.23 per troy ounce. Palladium — $564.05 per troy ounce. Platinum — $1,387.40 per troy ounce. Copper — $332.40 per 100 pounds. Cocoa — $2,240.00 per metric ton. Sugar — $21.14 per 100 pounds. Corn — $652.50 per 100 bushels. Soybean — $1,467.75 per 100 bushels. Posted on Commodity blog.

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