(Best Syndication News) The dollar rebounded today while precious metals and energy prices declined (see forex and commodity tables below). A lull in the debt ceiling talks extended the uncertainty surrounding U.S. Treasuries and some world currencies.. Precious Metals Gold reversed direction after three-straight days of advances (see survey #2 settle price chart below). August gold on the COMEX fell $1.70 (-0.11%) to $1,615.10 a troy ounce. The golden metal is still 1.14 percent higher for the week (5-days). Silver futures for September delivery fell 13 cents (-0.32%) to $40.57 an ounce. The ratio between gold and silver expanded slightly. In Asia the price of gold fell 8 yen (-0.20%) to ¥4,045 per gram (see Tokyo Commodity Exchange TOCOM chart below). Silver declined one yen (-1.18%) to ¥100.3. This works out to $1,606.64 per ounce of gold and $39.84 per ounce for silver. Energy Prices A poor economic outlook and rising crude stockpiles put downward pressure on oil prices Wednesday. The Department of Energy reported that the crude inventory jumped 2.3 million barrels last week to 354 million barrels. Light sweet crude (WTI) on the New York Mercantile Exchange (NYMEX) fell $2.19 (-2.20%) to $97.40 a barrel. Brent crude oil futures on the Intercontinental Exchange (ICE) fell 51 cents (-0.43%) to $117.43 a barrel. The difference between Brent and WTI increased to $20.03. Henry Hub natural gas and heating oil both declined. World FX Currency Exchange Rates The U.S. dollar advanced versus the euro but declined versus the yen on Wednesday (see average chart below). The greenback (USD) gained 0.02 percent vs the Aussie (AUD), 1.14 percent vs the euro (EUR), 0.63 percent vs the pound sterling (GBP) and 0.54 percent vs the Canadian dollar (CAD). The U.S. currency fell 0.10 percent vs the Japanese yen (JPY) and 0.02 percent vs the Swiss franc (CHF). The euro sank versus all major currencies while the yen and U.S. dollar gained (see cross charts below). This breaks a two-day losing trend for the dollar.

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