Archive for July 21st, 2009
Copper Goes Up, Gold Rises, Oil & Gasoline Gain
Copper went up in New York today. Demand for metals used in construction and automobiles rises because of recovering economies making copper go up in New York and London. September futures for copper gained $0.0045 (0.2 percent) to $2.4735/pound at 8:28 on the Comex division of the New York Mercantile Exchange.
Gold may go up as a declining dollar rises demand for the metal as an alternative investment. The dollar fell 1.7 percent against the single European currency while gold futures gained 2.4 percent this month. August futures for gold gained $1.60 (0.2 percent) to $950.40/ounce on NYMEX by 8:32.
Crude oil and gasoline rises today as earnings cause contraction to stop. Earnings at Caterpillar Inc. was better than expected potentially making contraction to stop in the world’s biggest fuel-consuming country resulting in rise of crude oil rose and gasoline. Futures reached $65.53, the highest since July 6th. Crude oil for August delivery gained $0.86 (1.3 percent), to $64.84/barrel as of 10:23 on NYMEX.
Commodity Prices — July 21th 2009
Latest commodity prices (ICE, NYMEX, CME) as of 16:11 GMT:
Oil (Brent) — $66.48
Gold — $947.83
Silver — $13.57
Platinum — $1,177.89
Palladium — $254.00
Copper — $5,382.00
Aluminium — $78.750
Nickel — $15,880
Zinc — $1648.00
Cocoa — $2,867.00
Sugar — $17.86
Corn — $314.75
Soybean — $34.94