Markets To Watch Today
Gold: It was a golden day for the metals markets, as Japanese investors and commodity funds went on a buying spree to start the 2nd quarter. June Gold futures ended up $7.60, to close at $594.30 oz.
Copper: Not to be outdone by its classier cousin, hard working Copper futures posted new all-time highs yesterday. Speculative buying and supply concerns, especially from a labor dispute at the Grupo Mexico SA’s LA Caridad mine, were behind the buying frenzy. May Copper rose 8.45 cents to close at $2.5475 lb.
Crude Oil: $68 was not meant to be for Oil bulls, as profit taking overwhelmed an earlier rally on concerns of dwindling US Gasoline supplies and a potentially active hurricane season. May Crude Oil closed at $66.74, up 11 cents.
Copper: Not to be outdone by its classier cousin, hard working Copper futures posted new all-time highs yesterday. Speculative buying and supply concerns, especially from a labor dispute at the Grupo Mexico SA’s LA Caridad mine, were behind the buying frenzy. May Copper rose 8.45 cents to close at $2.5475 lb.
Crude Oil: $68 was not meant to be for Oil bulls, as profit taking overwhelmed an earlier rally on concerns of dwindling US Gasoline supplies and a potentially active hurricane season. May Crude Oil closed at $66.74, up 11 cents.
posted by XPRESSTRADE, LLC at 4/04/2006 07:22:00 AM
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