Commodity Blog

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Crude Oil Rises on Positive Data from Europe Posted: 11 Dec 2012 04:11 PM PST Crude oil rose a bit on good news from Europe. The German ZEW Economic Sentiment jumped as much as 22.6 points to 6.9 in December. Germany is the biggest oil consumer in Europe. The economic expectations for the eurozone also noticeably improved as the corresponding index climbed by 10.2 points to 7.6 points. Spain sold €3.9 billion of bonds at auction, beating its target of €3.5 billion. Crude was also supported by expectations of falling US [...]

Precious Metals Mixed Ahead of Fed’s Policy Decision Posted: 11 Dec 2012 12:50 PM PST Gold traded sideways today following the four-day rally. The precious metal shows an upside bias and may yet rise by the end of today’s session. Silver fell for the second day and palladium pulled back after rallying for five consecutive days. Platinum posted the fifth straight session of gains. Perhaps traders were taking profits ahead of the monetary decision, which the Federal Reserve will announce after the two-day meeting that starts today. [...]

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