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Commodities Market Recap: Precious Metals Slump, Some Energy Assets Finish Higher

The precious metals slumped today, as the rise in the greenback made the dollar dominated commodities more expensive for holders of international currency, while the recent climb in equities continued to put the precious metals under pressure as their appeal as an alternate investment was dampened by the equities’ rise.  In addition, tame inflation data [...]

oil

Are Oil Majors Guilty of Price Manipulation?

On Tuesday, European regulators raided the offices of various oil majors, including BP and Shell, investigating whether accusations that they have colluded to rig oil prices since 2002. The European commission acknowledged that the unannounced inspections were to investigate claims that these oil majors may have “colluded in reporting distorted prices to a price reporting [...]

TOP TEN COTTON PRODUCERS 2012

1. China 33.5 million bales   2.India 32.3 million bales   3.United States 16.0 million bales   4. Pakistan 10 million bales   5. Brazil 7.5 million bales   6. Uzbekistan 4.6 million bales   7. Australia 3.5 million bales   8. Turkey 2.8 million bales   9.Turkmenistan 1.6 million bales   10. Greece 1.4 [...]

Gold April Recap: Gold Stages Worst Monthly Performance Since December 2011

The big news in the gold market this month was its steep price slide, experienced on gold in New York capped its worst two-day slump in 33 years on April 15, plunging 13%. The metal did stage a bit of a recovery as the month went on, and ended up closing April with a loss [...]

Corn Jumps on Concerns Planting Will be Delayed

Corn prices jumped 6.2% today on concerns that cold wet weather in the U.S. Midwest would delay the planting of this year’s crop. Corn for May delivery, the front-month contract, climbed 40 cents, to settle at $6.84 a bushel at the Chicago Board of Trade. Today’s jump was the biggest percentage gain in almost 10 [...]

Gold Rebounding: But Traders Expect Another Slide

Gold prices are rebounding from their recent lows, but traders are cautioning that the rebound could just be a short term blip as data suggests that the recovery in prices was thanks to strong physical demand while investors continue to flee the market. Last week there was a rush to buy physical gold and jewelry [...]

Newmont Mining’s Latest Earnings Show Decrease in Gold Production, Sales

Gold producer Newmont Mining (NYSE:NEM) today reported that  its first quarter net income was $315 million or $0.63 per share, compared to $490 million or $0.97 per share in the comparable quarter last year Adjusted earnings for the quarter were $354 million or $0.71 per  share compared with $578 million or $1.15 per share in Q1 2012.  Analysts polled by  Thomson [...]

Top Commodity Movers: Precious Metals Rally, Stage Best Performance of the Year

The precious gold and silver staged an impressive performance today; jumping despite better-than-expected jobless claims out of the U.S., and supported by sentiment that monetary policy will remain lose for the near future.  Sentiment may also be driven by rate speculation ahead of the European Central Bank meeting, notes Commerzbank Silver was the top performer among [...]