BS:Futures and Commodities – Gold and Silver Prices Lower – Oil Fell but Coal Advanced
Submitted by Tom Madison on May 19, 2011 - 10:09pm. Business | Business News | Investing | News
(Best Syndication News) Commodities are higher in Asia Friday after falling in North America Thursday (see charts below).
Precious Metals
Both gold and silver declined on the COMEX Thursday (see survey #2 settle price chart below).
June gold on the COMEX fell $3.40 (-0.23%) to $1,492.40 an ounce. Silver for June delivery declined 16 cents (-0.47%) to $34.93 an ounce.
Platinum was down 0.61 percent and Palladium was down 1.23 percent on the NYMEX. Copper on the COMEX was down 1.28 percent to 4.0525 cents per pound.
In Asia commodities are opening higher. On the Tokyo Commodities Exchange (TOCOM), gold for April 2012 delivery was selling for ¥ 3,932 per gram. That works out to $1,498.60 per ounce.
Most of the trading for all commodities on the TOCOM was for April. Silver was ¥91.9 per gram. That is $35.03 an ounce. Platinum and palladium were both higher. See the TOCOM chart below.
Energy Prices
Light sweet crude oil on the NYMEX was lower. The product was down $1.66 (-1.66%) to $98.44.
Brent crude on the Intercontinental Exchange (ICE) was higher. The benchmark oil was up $2.31 (+112.30) to $112.30 a barrel.
In Tokyo oil was up 2.32 percent to $105.69 a barrel.
Agriculture
Soybeans were higher but corn futures were lower today. Corn futures on the CBOT were down 12.50 (-1.85%) to $6.615 a bushel. See survey #1 below for more products.
By: Tom Madison
Business Reporter
Image: Corn by Andrew Butko
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