Markets To Watch Today
Crude Oil: Returning bargain hunters pushed prices on July Crude Oil up for the second straight session in a row. Front month, July Crude Oil closed at $69.50 a barrel, up, 36 cents on the day.
Gold: Stronger crude oil prices and a soft dollar price brought on a rally in most commodities yesterday. The August Gold contract was able to benefit from this rally, up $3.80 an ounce, closing at $570.30 an ounce.
U.S. Dollar: Mixed U.S. economic data and comments from Federal Reserve Chairman Ben Bernanke on inflation, lower the dollar in trading yesterday. Stronger than expected U.S. employment and regional industrial data were not enough to keep the dollar down, as it was able to recoup most of what it had lost earlier in the session. Front month Septemeber Dollar closed at $85.64 down 9.00.
Gold: Stronger crude oil prices and a soft dollar price brought on a rally in most commodities yesterday. The August Gold contract was able to benefit from this rally, up $3.80 an ounce, closing at $570.30 an ounce.
U.S. Dollar: Mixed U.S. economic data and comments from Federal Reserve Chairman Ben Bernanke on inflation, lower the dollar in trading yesterday. Stronger than expected U.S. employment and regional industrial data were not enough to keep the dollar down, as it was able to recoup most of what it had lost earlier in the session. Front month Septemeber Dollar closed at $85.64 down 9.00.
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