Markets To Watch Today
Gold: Gold remained strong yesterday, even with the price of the Crude Oil rising and continuing tensions regarding Iran's uranium enrichment program. The most active December Gold contract rose $13.50, closing at $635.20 an ounce, and the front month August Gold contract rose $13.60, closing at $625.70 an ounce.
LME: The London Metal Exchange announced they will be releasing mini contracts for Copper, Aluminum, and Zinc contracts by the end of November. These contracts will be 5 metric tons, as opposed to the 25 ton lots of the larger normal sized contracts. They, too, will be cash settled and trade electronically on LME's platform called LME Select.
Crude Oil: Iran continues to defy the current deadline to suspend their uranium enrichment program, pushing Crude Oil prices upwards. Iran threatened earlier this month to use oil that they export as a weapon if they were to follow U.N. sanctions. They will be replying today on the most recent package of incentives to remove its nuclear program. The September Crude Oil contract closed up $1.31 at $72.45 a barrel.
LME: The London Metal Exchange announced they will be releasing mini contracts for Copper, Aluminum, and Zinc contracts by the end of November. These contracts will be 5 metric tons, as opposed to the 25 ton lots of the larger normal sized contracts. They, too, will be cash settled and trade electronically on LME's platform called LME Select.
Crude Oil: Iran continues to defy the current deadline to suspend their uranium enrichment program, pushing Crude Oil prices upwards. Iran threatened earlier this month to use oil that they export as a weapon if they were to follow U.N. sanctions. They will be replying today on the most recent package of incentives to remove its nuclear program. The September Crude Oil contract closed up $1.31 at $72.45 a barrel.
posted by XPRESSTRADE, LLC at 8/22/2006 06:34:00 AM
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