Gold futures for August delivery fell from the record prices they reached on Tuesday as stock markets moved a bit higher in early trading. Gold prices decreased by 0.9 percent to about $1,234.80 per ounce. The demand for gold is split between physical demand, mostly for jewelry or a few industrial processes, and hedging or… Read more.
Investors in gold futures have some potentially difficult choices to make in the coming weeks with the precious metal trading at yet another record level. For much of the past decade, gold prices have been on upward trajectory, which has invited warnings from some economists who maintain that there is a bubble underway that will… Read more.
Spot gold prices broke through previous highs and smashed records in several currencies during London trading on Tuesday, reaching $1,251.85 per ounce and 1,050.86 euros per ounce. Continuing uncertainty about the sustainability of European sovereign debt and a new warning from the Fitch rating agency that Britain faces a fiscal crisis weighed on investor demand… 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.
Commodity prices are likely to continue rising in the foreseeable future judging from the ongoing strength being displayed by the trucking industry, which transports a majority of the nation’s manufactured goods. The American Trucking Association maintains a monthly For-Hire Truck Tonnage Index that measures the amount of material transported on the nation’s highways. This can… Read more.
Investors looking for a traditional safe harbor in light of ongoing jitters in the stock market may want to take a closer look at gold futures. Gold has enjoyed a price run-up over much of the last decade, but investors are still attracted to the precious metal because it is seen as a traditional safe… 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.
An increasingly important thing to consider when investing in commodities will be whether a given material is needed for the manufacture of clean energy products and other emerging technologies. For example, lithium is a key material for the batteries currently used by many hybrid electric vehicles, and gallium is one of several relatively rare metals… Read more.