Commodity Blog

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Gold Ends Week with Gains, Copper Slumps Posted: 15 Mar 2013 01:56 PM PDT Gold was little changed today after rising earlier as US inflation accelerated. The Consumer Price Index advanced 0.7 percent in February after posting zero growth in January, increasing demand for the precious metal as a hedge against inflation. April futures for delivery of gold traded at $1,590.70 per troy ounce as of 20:48 GMT on COMEX today. The metal ended the week with gains. Not all news from the United States was [...]

Demand Estimates Drive Cotton Higher, Hurt Wheat & Soybeans Posted: 15 Mar 2013 11:52 AM PDT Cotton advanced today on speculations that demand from China will increase. The US Department of Agriculture boosted its estimate for consumption in the Asian nation this year to 36 million bales, which is 1.4 percent above the previous month’s forecast. Additionally, the USDA increased its prediction for China’s imports by 7.1 percent. May futures for cotton jumped as much as $0.0174 (1.86 percent) to $0.9255 bushel as of 18:48 GMT on CBoT today. [...]

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