Gold, Oil, And Bond Yields Rise
In today’s economic news the Treasury Department
reported
net purchases of U.S. securities by
foreigners dropped sharply in July
(report).
The news helped push bond yields on the 10-yr T-note to the highest level in
almost a month.
Energy prices rallied, Crude Oil closed at $64.51 (+0.76%), while Heating Oil
and Unleaded Gas both gained more than 1%.
Precious metals rose with Gold halting its recent slide by jumping $9 to close
at $592.80. Silver was also strong. Copper rose among the industrial metals.
Corn (+2.48%), which hit a 2-month high, was the biggest gainer in the
Reuters/Jefferies CRB Index.
Economic News
Current Account Deficit widens to
$218.4 Bln. in Q2
Net Foreign Buys of U.S. Securities totaled $32.9 Bln. in July (report)
For more reports and analysis go to our
Economic
News section.
Ashton Dorkins