BS:Futures and Commodities – Oil silver and gold prices lower – Coal and copper higher
Submitted by Tom Madison on May 18, 2011 - 2:48am. Business | Business News | Investing | News
(Best Syndication News) Commodities were generally lower today as the dollar declined broadly (see charts below). We are now following some of the commodities on the Tokyo Commodities Exchange. We will convert the commodities / futures to dollars. See the TOCOM chart below for more details.
Precious Metals
Gold futures on the COMEX for June delivery fell $10.60 (-0.17) to $1,480.00 a troy ounce (see survey #2 settle price chart below). Since the settle, that price moved $13.4 higher.
On the Hong Kong Mercantile Exchange, gold was $1494 for August delivery. Gold on the Tokyo Commodities Exchange for April was 3,920 yen per gram of gold. That works out to $1,505 an ounce (81 yen per dollar).
July silver futures were down 64 cents (-1.88%) to $33.49 an ounce. The price was up $1.04 an ounce after the settle.
Both Palladium and Platinum were higher. Copper for July delivery on the COMEX was up one penny to 3.9985 an ounce.
Energy Prices
Oil was lower on both the Intercontinental Exchange (ICE) and the New York Mercantile Exchange (NYMEX).
June light Sweet Crude on the NYMEX was down 46 cents (-0.47%) to $96.91 a barrel. The price of Brent crude on ICE for June delivery was down $3.84 (-3.27%) to $109.99 a barrel.
Coal was higher, up $138 (+1.89%) to $109.99 a ton.
Agriculture
Many crop products were higher today while livestock fell. Coffee, corn, cotton, soybeans, and sugar were all higher (see survey #1 below).
Feeder cattle were down $1.10 (-0.84%) to $130.28. Lean hogs on the CME were down 38 cents (-0.38%) to $92.50.
By: Tom Madison
Business Reporter
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