BS:Futures and Commodities – Oil Gold and Silver Prices Higher in New York but Lower in Asia
(Best Syndication News) Although crude oil, gold and silver were higher in New York Thursday, prices are moving lower in Tokyo on Friday (see charts below). Economic concerns in Europe may be driving energy prices down.
Precious Metals
August gold on the COMEX settled $3.70 higher (+0.24%) to $1,529.90 a troy ounce (see survey #2 settle price chart below). Since the settle Thursday, the price has dropped $5.20.
Silver settled higher too. The precious metal was up 15 cents (+0.42%) to $35.56 a troy ounce. Since the settle, the price fell $0.474.
Platinum and palladium were lower in New York.
On the Tokyo Commodity Exchange (TOCOM) gold continued to fall on Friday, down 9 yen to ¥3,964 per gram. That works out to $1,522.93 per ounce. Silver also fell to $35.15 an ounce. See the TOCOM chart below for more details.
The U.S. dollar advanced Thursday but began to fall early Friday. See the forex link below for more information.
Energy Prices
Light sweet crude oil for July delivery on the New York Mercantile Exchange (NYMEX) advanced 14 cents (+0.15%) to $94.95 on Thursday. Since the settle, the product dropped $1.60 per barrel.
In Tokyo both gasoline and oil are lower on Friday. The volume is light, but the prices did fall 0.90 percent and 0.59 percent respectively.
Agricultural Products
Agricultural products were lower again on Thursday (see survey #1 chart below). Our agricultural index hit a 100-day low.
Cocoa, coffee, corn, cotton, soybeans, wheat and orange juice were all lower. Sugar was higher. Cotton hit a 100-day low Thursday.
Feeder cattle and live cattle were both higher. See the chart below for more details.
