BS: Gold and Silver Prices Advance - Oil Declines while Dollar Gains Steam Vs Euro
Submitted by Tom Madison on August 2, 2011 - 5:30am. Business | Business News | Commodities Futures Today | Forex Currency Trading Today | Investing | News
(Best Syndication News) The dollar is gaining versus the euro but is continuing to decline versus the yen (see charts below). Oil, silver and gold prices sank on Monday in the United States, but some commodities are advancing in Asia. Gold prices are beginning to rebound early Tuesday, but crude oil continues to slide.
Commodity Prices
Light Sweet crude oil (WTI) fell on global economic worries Monday (see survey #2 settle price chart below). Now that the debt–ceiling crisis in the United States appears to be resolved, investor concerns are shifting to Europe again.
