Markets to Watch Today
Crude-Oil: Crude futures were trading up .31 cents early Monday, as traders are focusing on Iran and the strength of the cease-fire between Israel and Hizbollah. Friday, Crude Oil ended its week-long sell-off on the upside after dropping to a two-month low of $69.60 a barrel earlier in the session. Crude Oil settled up $1.08 a barrel at $71.14.
Copper: Copper futures rose on Friday after labor talks broke down at the Chilean Copper mine Escondida. The breakdown in talks led to a halt in production and a continuation of the 12-day-old strike. Copper settled up 7.70 cents at $3.4345 per pound.
Gold: Traders are looking for Gold to rise this week, putting an end to a two-week decline. Gold futures for December delivery rose $9.30, to $631.00 an ounce, in early trading on Monday. There is optimism that jewelers will be stocking-up for the holiday season, as well as inflation concerns as the U.S. economy continues to battle Oil prices. Gold fell 3.5% last week to $621.70 an ounce.
Copper: Copper futures rose on Friday after labor talks broke down at the Chilean Copper mine Escondida. The breakdown in talks led to a halt in production and a continuation of the 12-day-old strike. Copper settled up 7.70 cents at $3.4345 per pound.
Gold: Traders are looking for Gold to rise this week, putting an end to a two-week decline. Gold futures for December delivery rose $9.30, to $631.00 an ounce, in early trading on Monday. There is optimism that jewelers will be stocking-up for the holiday season, as well as inflation concerns as the U.S. economy continues to battle Oil prices. Gold fell 3.5% last week to $621.70 an ounce.
posted by XPRESSTRADE, LLC at 8/21/2006 06:41:00 AM
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