Markets To Watch Today

Gold: The fact that the United Arab Emirates may add to its Gold reserves, concerns about Iran's nuclear program and some safe-haven buying were all forces yesterday in Gold prices rising. July Gold rose $13.80 an ounce, closing at $627.30 and August Gold was up $13.70, closing at $629.70

Wheat: Forecasts of hot, dry weather in the Northern Plains are growing concerns over further deterioration in the hard red spring wheat crop. July Minneapolis Wheat contracts rose 10 cents, settling at $5.20 a bushel.

Crude Oil: Due to growing demand for oil and word that there may be shortages of supplies in the Middle East, Crude Oil prices surged past $75 a barrel, going as high as $75.40 in trading yesterday. This is a new benchmark for the U.S. since the last high was made back on April 21st. Today the Energy Department will be releasing its closely watched weekly snapshot of Oil use and inventories. August Crude Oil closed up $1.26 a barrel at $75.19.