Gold Continues To Shine

Heating Oil and Natural
gas were the only notable movers among the energies today.
Both
closed lower, while Crude Oil was virtually unchanged.

In the metals, Gold and Silver pushed higher but
Copper eased back from yet another new all-time high yesterday.

All the major grain contracts declined with
traders citing a large fall harvest and weak overseas demand as the cause.

In today’s economic news, the Labor Department
reported Productivity growth hit the fastest pace in two years (report).
The Department of Commerce reported Factory Orders rebounded in October (report),
the bounce was more than analysts expected. Go to our
Economic
News
section for reports and analysis.

Treasuries rallied, while the US Dollar Index was
flat.

TradingMarkets Commodities Watch List

Commodity
(Symbol)
Price Price Change % Change

Energies

Crude Oil (CL) 59.94
+0.03

+0.05
Heating Oil (HO) 177.20
-1.76

-0.98
Unleaded Gas (HU) 158.35
-0.63

-0.40
Natural Gas (NG) 13.49
-0.17

-1.25

Metals

Gold (GC) 513.80
+1.20

+0.23
Silver (SI) 879.20
+5.70

+0.65
Copper (HG) 198.70
-2.05

-1.02

Grains

Corn (C)

204.25
-2.50

-1.21
Wheat (W) 315.75
-4.50

-1.41
Soybeans (S) 564.00
-9.25

-1.61

Softs

Sugar (SB) 13.09
-0.17

-1.28
Coffee (KC) 96.60
+0.75

+0.78
Cocoa (CC) 1429.00
-11.00

-0.76
Frozen Orange Juice (JO) 121.45
+0.90

+0.75
Cotton (CT) 52.52
+0.25

+0.48
Lumber (LB) 327.80
-1.70

-0.52

Livestock

Lean Hogs (LH) 65.80
-0.53

-0.79
Live Cattle (LC) 95.48
-0.28

-0.29

Economic News

October Factory Orders +2.2%

Third Quarter Productivity Revised To +4.7%

Bank of Canada raises interest rates 25bp to
3.25%

Ashton Dorkins

ashtond@tradingmarkets.com


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