METALS: June gold futures closed down $25.20 an ounce at $1,266.40 today. Prices closed nearer the session low and hit a fresh 3.5-month low today. A “risk-on” trader mentality in the market place helped to sink gold today. Gold...
Read More* LATEST MARKET DEVELOPMENTS * A feature in the market place this week has been the better risk appetite among world traders and investors. Major world stock markets have rallied recently, with many stock indexes at record or...
Read MoreENERGIES: July Nymex crude oil closed down $0.31 at $103.76 today. Prices closed nearer the session low today on mild profit taking after hitting a contract high Wednesday. Crude oil bulls still have the solid near-term...
Read MoreMETALS: June gold futures closed down $6.90 an ounce at $1,287.70 today. Prices closed nearer the session low today. A firmer U.S. dollar index helped to pressure gold today. Trading has been choppy and sideways for the past...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, there was an upbeat economic report from China, following a string of downbeat data recently. The preliminary HSBC manufacturing purchasing managers index (PMI) for May came in...
Read MoreGRAINS: July corn futures closed down 3 3/4 cents at $4.73 1/2 Tuesday. Prices closed near the session low today and hit another 2.5-month low. It was a “risk-off” day in the market place today, which was a bearish underlying...
Read MoreJune U.S. T-Bonds closed down 16/32 at 136 31/32 today. Prices closed near the session low and saw profit taking. Bulls still have the solid overall near-term technical advantage. Prices are in a 4.5-month-old uptrend on the...
Read More* LATEST MARKET DEVELOPMENTS * The feature in quieter overnight trading is increasing worries about the European Union countries that have the most serious debt problems—namely Italy and Spain. Italian bond yields rose to a...
Read More* LATEST MARKET DEVELOPMENTS * European stock markets were weaker Monday, led by weakness in the Italian stock market. Spanish and Italian bond yields are again on the rise, which suggests renewed strains within the periphery...
Read More* LATEST MARKET DEVELOPMENTS * The talk of the market place—but not yet pervasive in the general business media–late this week has been the rally in the U.S. Treasury market prices. T-Bond and T-Note futures prices are at...
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