Silver Expected to Rebound
Silver – Silver futures for July delivery traded at $24.11 per ounce during European morning trade, down 0.8 percent on the day.
Articles Tagged "nymex"
Platinum, Precious Metals Head Toward Bear Market as Investors Reduce Holdings
Platinum – Bloomberg reported that platinum futures for July delivery declined 1.6% as the global economy continue to improve, cutting the demand for haven assets.
Crude Options Volatility Increases as Futures Fall on US Economic Data
Oil – Bloomberg reported that crude oil options volatility went up as futures fell for the first time this week as reports showed US unemployment benefits claims were higher than forecast.
Platinum Futures Give Up Morning Gains on Weak EU Forecast
Platinum – The Wall Street Journal reported that platinum futures ended in negative territory on Wednesday amid forecast of poor economic growth in Europe.
Oil Rises on German Acceptance of Spanish Bailout
Oil – Bloomberg reported that oil rose on the NYMEX following news that German officials have reduced their resistance to a Spanish bailout.
Net Bullish Positions Increase In Platinum Futures
Platinum – Kitco reported funds increased their net bullish positions in platinum futures and options on the Nymex for the eighth straight week of gains.
NYMEX Palladium Down $4.65
Palladium – The Sydney Morning Herald reported that palladium for September delivery dropped to US$639.70 per troy ounce on the NYMEX.
Net Long Positions In Platinum Gain $29.30
Platinum – Kitco reported for the fifth week in a row, speculators snapped up precious metals traded on the Comex division of the New York Mercantile Exchange and the Nymex.
Natural Gas Sees Highest Close in Three Weeks
Gas – The Wall Street Journal reported that warmer weather and the possibility of lower-than-average storage due to Hurricane Isaac brought natural gas for October delivery up 2 percent — to $2.854 per million British thermal units — on the NYMEX.
Investors Cut Back On Metals Futures
Platinum – Kitco reported speculators have dropped their net-long positions in most precious metals.
