Spot prices

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Tuesday, June 12, 2012

The commodity market initially rallied Sunday night on news

The commodity market initially rallied Sunday night on news of the $125 billion Spanish bank bailout but that euphoria quickly fizzled as concerns about the health of Italian banks turned investors away from risky assets once again. The main concern is the mounting Italian debt and Euro zone’s economic contractions in the face of austerity measures. The downgrade of 18 Spanish banks today by Fitch initially caused the commodities to sell off but gold and silver rallied as investors once again chose to focus on the possible QE at the next US Fed meeting. Gold rallied and is holding above $1600 and silver is fighting to breach $29. Platinum, palladium, copper, and oil remain largely unchanged to slightly positive as fears of Chinese and Indian economic slowdown continues. We are trading gold and silver with a positive bias and are flat PGMs due to industrial demand concerns. It feels like déjà vu as we wait once again for more economic data while waiting for the US Fed to bail out the markets.        
 
Metals
Last
 %Change
 Low
 High
Au-Aug
1613.2
1.01%
1586.4
1618.9
 Pt-Jul
1455.5
0.46%
1423.9
1456.7
 Pd-Sep
626.55
0.01%
615.05
626.90
 Ag-Jul
28.960
1.22%
28.315
29.050
London
AM
PM
Minor
PGMs
Au
1589.25
1603.5
 Rh
1260
Pt
1433
1443
 Ru
115
Pd
617
624
 Ir 
1100
Ag
28.54
 DJI
12573.8
162.57
Currencies




USD
EUR
JPY
GBP
USD
0
1.2511
0.012578
1.5582
EUR
0.7993
0
1.00537
1.2455
JPY
79.51
99.47
0
123.885
GBP
0.6418
0.8029
0.8072
0





Crude Brent
97.28
Comex Copper
334.7

Crude WTI
83.4
Nat Gas
2.21

*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES

 

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