- Gold Reaches New Record, Silver Trades at 31-Year High
Federal Reserve Chairman Ben Bernanke showed concern about inflation. Demand for gold as a hedge against inflation helped the metal reach a new record for the second day in a row on futures trading floors.
- Copper Gains Ground Following Positive Data
Following release of stronger manufacturing data, futures trading floors saw copper contracts reach a nine-session high.
- Silver Advances to the Highest Since 1980
During futures trading in Singapore today, an ounce of gold bought 37.15 ounces of silver. The average for the last ten years was 62 ounces of silver.
- Copper Gains After Heavy Rains in Chile
Heavy rains hurt mining in Chile and Peru, the world?s leading producers of copper.
- As Unrest in Libya Continues, Oil Rises
Futures trading of oil in New York fluctuated near 30 month highs as rebels and loyalists in Libya fought at the port of Brega.
- Dollar Shows Gains Against the Yen and Euro
After a Federal Reserve official with a dovish outlook spoke yesterday during futures trading hours, dollar index futures gained.
- Corn Gains Exchange Limit
As US inventories of corn reached a four-year low, corn futures gained the most in nine months during futures trading today.
- Gold Gains 1.1% Today
Weakness in the US dollar prompted gold futures to climb more than $15 an ounce during this morning?s futures trading.
- Corn Prices Rise, Farmers Increase Acreage
Over the past year, futures trading floors of Chicago have seen the price of corn contracts climb 87%.
- Yen Falls Against the Dollar in Light of US Economic Data
The dollar strengthened against the yen during today?s futures trading as US companies added jobs in March and Thomas Hoenig, President of the Kansas City Federal Reserve, said the central bank should reduce economic stimulus measures.