Market Updates

Precious Metals Retreat on Dollar Strength

Ivaylo
08 Jan, 2007
New York City

    A strong U.S. jobs report Friday reduced market expectations for potential U.S. interest-rate cuts, sending the dollar to its highest levels since Thanksgiving and putting the precious metals under heavy pressure. February gold declined to $603, its weakest level since Oct. 27. March silver sank to $12.10, its weakest level since Oct. 26. High-grade copper futures sagged in response to a stronger U.S. dollar and recent declines in industrial commodities generally.

[R]5:00 AM Precious metals declined as the dollar firmed on strong US jobs report.[/R]
February gold lost $19.30 to end at $606.90 a troy ounce on the New York Mercantile Exchange and March silver dipped 60.5 cents to $12.23 an ounce. April platinum declined $23.50 to $1,112 an ounce while March palladium slipped $10.45 to close at $335.10 an ounce. The most-active March copper contract shed 6.70 cents to settle at $2.5350 per pound, its lowest level since April.

The February crude oil contract gained 72 cents to finish at $56.31 a barrel. February heating oil settled up 2.27 cents at $1.5658 a gallon. February natural gas settled up 2.2 cents at $6.184 per million British thermal units. The February gasoline contracts advanced 6.2 cents to close at $1.487 a gallon.

On the New York Board of Trade, March Arabica coffee futures contract closed 4.55 cents down at $1.2045 a pound. Futures on raw sugar in foreign ports for March lost 0.18 cent to end at 11.09 cents.

Annual Returns

Company Ticker 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Earnings

Company Ticker 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008