Markets To Watch Today

Gold: Profit taking spearheaded Gold's pullback yesterday, along with thoughts that the conflict between Israel and Hezbollah may not escalate. Analysts also state that lower Crude Oil prices and a stronger Dollar are causes for the lower Gold prices. July Gold dropped $16 to $650.60 an ounce, and the August Gold contract fell $16.10, closing at $651.90.

Copper: The strike at Grupo Mexico's Cananea Copper mine is over, and as a result, Copper prices fell dramatically. A strong Dollar and a decline in precious metals also contributed to the drop in Copper prices. The July Copper contract dropped 11.50 cents, closing at $3.7145 a pound.

Crude Oil: Crude Oil prices are coming off a four-day winning streak. Crude Oil prices dropped sharply, as diplomatic efforts were put in place to stop the fighting between Israel and Hezbollah. August Crude Oil option expiration was also a contributor to the lower prices amid a day full of extreme volatility. August Crude Oil, dropped $1.73, settling at $75.30.