Commodities Markets Summary
SMH reported a summary of trading in key commodity markets around the world today.
SMH reported a summary of trading in key commodity markets around the world today.
BusinessWeek reported Tony Hall, CIO at the Duet Commodities fund, said gold, platinum and Brent oil will lead gains in commodities.
The Sydney Morning Herald reports that precious metals including platinum were up on fears Hurricane Irene might wreak havoc in the US.
Forbes reports that Shawn Hackett, president of Hackett Financial Advisors, says commodities will tumble in the near future.
IBTimes reports that thanks to the stronger US dollar, commodities enjoyed a generally firmer day on Friday.
Market Watch reports that pullback in commodities may not be all bad news for the region.
International Business Times reports that the value of the US Dollar swooned on the foreign exchange markets while precious metals surged on Friday.
Bloomberg reports commodities gained for a fourth day, led by oil and precious metals, as military intervention in Libya renewed concerns about unrest in the Middle East.
According to Johnson Matthey 2010 study of the Platinum group metals (PGM) has reported that demand of platinum is expected to fall in China and Japan. The study has recorded a fall of 39 percent in platinum demand. This is a contraction of 1.43 million ounces in gross demand of platinum in the auto sector [...]
Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.
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