Markets To Watch Today

Gold: Gold falls on remarks by Fed Chairman Ben Bernake relating to the potential of further interest rate hikes in response to inflationary concerns. Optimistic reaction to the US backed EU proposal to Iran triggered further selling in the yellow metal. August Gold is trading at $625.20, down $9.50 this morning.


Copper: Copper prices were affected by the Fed's hawkish commentary, trading lower for the session. July Copper is trading at 3.44, dwon 4.95 cents this morning.


Crude Oil: Crude Oil gave back earlier gains on positive remarks out of Iran, following the proposed incentives presented by the UN. The US government had previously warned of possible supply disruptions, due to the Hurricane season that is upon us. July Crude is trading at $71.20, down $1.30 for the session.