Commodity Blog

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Precious Metals Suffer from Fears of Fiscal Cliff Posted: 13 Dec 2012 01:37 PM PST Gold dropped today. Silver, platinum and palladium also fell. The precious metals were hurt by fears of the so-called fiscal cliff in the United States that damaged the market sentiment. The metals have rallied briefly yesterday after the Federal Reserve made its policy announcement, but quickly gave up the gains. In the longer run though, the Fed’s accommodative policy should bolster gold and other precious metals. Central banks of other developed [...]

Crude Oil & Natural Gas Fall as Stockpiles Unexpectedly Grow Posted: 13 Dec 2012 11:45 AM PST Crude oil and natural gas declined today as US inventories unexpectedly grew last week. Stockpiles of crude increased by 0.8 million barrels to 372.6 million barrels last week from the week before, while a decline by 2.6 billion was predicted by analysts. Natural gas reserves expanded 2 billion cubic feet to 3.806 trillion cubic feet, compared to the median estimate of a 3 billion decline. Prices were also subdued [...]

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