(Best Syndication News) Gold, oil and silver prices declined in the United States today, but gold and oil futures turned around in Asia (see commodities charts below). Commodities were mostly lower Monday. Precious Metals Gold has declined three days in a row (see survey #2 settle price chart below). August gold fell $4.50 (-0.30%) to $1,496.40 as investors become confident the Greek sovereign debt crisis will be solved without a default. Since the settle, gold is up $2.80 per troy ounce (5:20 am GMT). Gold also turned around in Tokyo after two days of declines (see Tokyo Commodity Exchange chart below). The metal was up 2 yen per gram to ¥3,894 ($1,505.33/troy ounce). Silver prices were lower again Monday. The metal has been declining faster than gold pushing the ratio up to 45. July silver on the COMEX fell $1.05 (-3.04%) to $33.59 per troy ounce. Since the settle, silver was advanced 14 cents, but in Tokyo the price declined another two yen per gram to ¥87.5. That works out to $33.83 per ounce. Platinum and palladium were both declining Monday. In Tokyo, palladium gained but platinum continued to decline on Tuesday. Energy Prices Oil continued to fall on the New York Mercantile Exchange (NYMEX) Monday after gaining on Friday. On Thursday oil declined nearly five percent after the International Energy Agency (IEA) announced an agreement to release oil from the strategic reserves of the member countries. This was good news to some but unwelcome news to many investors. Brent crude has fallen to $105.12 on the InterContinental Exchange (ICE). In Tokyo the price is up 220 yen per kiloliter to ¥51,900 ($102.56/ barrel). Gasoline was higher in New York but lower in Tokyo. Agricultural Commodities Cocoa, soybeans, sugar and orange juice was higher Monday, but coffee, corn, cotton and wheat were lower (see survey #1 chart below). Lean hogs and feeder cattle also declined.

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