Commodity Blog |
| Falling Eurozone Employment Boosts Gold, Weakens Silver Posted: 14 Mar 2013 11:17 AM PDT Gold rallied today, while silver declined, as falling employment in Europe made traders prefer safer assets. The number of employed people in the eurozone fell 0.3 percent last quarter from the previous three month. This suggested that the European economy is far from recovery and will continue to struggle. Earlier, gold futures dipped as US unemployment contracted. The number of claims for unemployment benefits fell from 342,000 to 332,000 last [...] |
| Soybeans Retain Bearish Momentum Posted: 14 Mar 2013 04:11 AM PDT Soybeans fell today on concerns that demand for US exports will decline. Supply from Brazil is expected to increase and traders may prefer buying the oilseed from the South American country rather than from the United States. Experts estimated that US exports of soybeans totaled somewhere from 225,000 to 475,000 metric tons last week, down from 609,702 tons a year ago. At the same time, Brazilian ports [...] |
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