After worries of increased military action along the Ukraine border, gold futures were held in check by a strong U.S. dollar.
Emerging equities hovered near 17-month highs while the bloc’s private sector expanded at its fastest rate in three months in July due to China’s strong IPM, leading the euro to pull off eight-month highs on Thursday.
Upon announcement that Libya’s oil production has fallen, crude-oil futures rose to their highest in three weeks.
The US recovery looks destined to sneak up on the markets, particularly with the Treasury market.
The track of the US economy is important, but seeing a trend of better economic news from China is probably more important to physical commodity markets.
The monetary unit of Russia drove toward its top value in about 14 days on Monday, propelled higher by a brighter outlook about monetary policy in the U.S. and Europe driving up Russian assets’ allure, according to Bloomberg.
Indications about expansion and growth in the globe’s two top users prompted West Texas Intermediate crude oil futures to push toward their top value in three days on Monday, according to Bloomberg.
Wheat futures lost value on Monday as stronger, more favorable weather forecasts for regions of the U.S. spurred strong prospects for crops, according to Bloomberg.
The growing value of the world’s reserve currency and the economy it supports dragged down gold futures on Thursday as the yellowish metal sank to its lowest rate since early February, according to Bloomberg.
The Russian ruble – despite being one of the top-performing currencies thus far in May – is likely to lose value during the coming months, economists told Bloomberg.