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Commodities Briefing - Categorized | Price Watch, Trends more

Fed chief’s comments bullish for commodities

Posted on 26 May 2011

Precious metal and commodity prices moved higher in trading yesterday, on the back of Goldman Sach’s bullish pronouncements on crude oil and dovish comments from a senior US Federal Reserve official.
As per normal whenever commodities come back into vogue among the world’s traders, silver had a particularly strong day – the silver price on the May Comex contract settling up by $1.22 (3.5%) at $36.121 per troy ounce. The May gold contract moved up by $7.90 (0.5%), settling at $1,523.20……………………………………….Full Article: Source


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