A strong day of trading bolstered the the major indexes, extending a two-day rally in U.S. equity markets. The S&P 500 gained 3.13 percent to close at 1,060.27, its best result since May. The Dow Jones Industrial Average gained 274.66 points to close at 10,018.30, bringing it back above the psychologically important 10,000 point line.… Read more.
As China pours some cold water on its economy to prevent overheating, the prices of raw materials are falling along with Chinese stocks. West Texas Intermediate light, sweet crude oil futures fell 4.33 percent to $72.49 per barrel at 11 a.m. EST. Copper futures, closely tied to industrial consumption and economic growth, fell 2.36 percent… Read more.
The price of crude oil futures surged on Friday despite weak GDP figures that undermined investor confidence in the pace of economic recovery. The ICE West Texas Intermediate Light Sweet crude oil futures contract for September delivery rose 2.66 percent to $79.26 in London trading. Stocks and stock index futures moved in a relatively tight… Read more.
Concerns about sovereign debt, weak employment and a deflating housing market all helped push the price of gold up today. Gold futures for immediate delivery rose by $12.80 to $1247.60 per troy ounce, off of the yellow metal’s earlier record highs but its strongest performance of the week. Gold was basically reacting to the generally… Read more.
Commodities futures may be impacted by media reports indicating that Afghanistan could emerge as a major source of various precious metals and other materials in the coming years. According to a New York Times report, the country may have up to $1 trillion in untapped mineral deposits, ranging from gold and copper to cobalt, lithium… Read more.
Investors in commodities futures may be encouraged by recent data showing that the nation’s manufacturing sector has been steadily gaining momentum in recent months. In the latest Report on Business from the Institute for Supply Management, manufacturing activity is said to have increased for the 10th consecutive month as of May. The organization maintains an… Read more.
People who are looking for commodity trading advice may want to consider taking a look at projected economic growth figures for various parts of the world, since this can help offer a preview of future demand for various materials. This is because as economic activity picks up, factories and other commercial enterprises will be spending… Read more.
Investors in commodities futures may want to keep an eye on the Chinese economy as they decide which, if any, materials will present solid opportunities in the coming months. Rising industrial production in emerging nations has accounted for a growing percentage of the demand for a wide variety of metals and other materials that are… Read more.