The Holiday Season Just Got More Costly

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Gold hit $500 an ounce, an 18-year
high, as the commodities bull market continued to drive the metals higher.

Platinum continued higher after hitting $1000 yesterday, a 25-year high. Copper
refusing to be upstaged by the precious metals hit a new all-time high today.

Energy prices had a volatile session, starting lower before
recovering to post gains at mid-day, then selling off into the close. Natural
Gas was the only contract to close higher but gave back much of its gains.

In economic news; Durable Goods Orders rebounded in October (report),
Consumer Confidence rose more than expected (report)
and New Home Sales jumped 13% to an annual rate of 1.42 Mln. units (report).

Go to our
Economic News
section for reports and analysis.

The news sent Treasuries lower and the US Dollar Index sharply
higher.

Go to the
TradingMarkets
Indicators
page for help with your nightly trading research.

TradingMarkets Commodities Watch List

Commodity
(Symbol)
Price Price Change % Change

Energies

Crude Oil (CL) 56.50
-0.86

-1.50
Heating Oil (HO) 167.20
-2.06

-1.22
Unleaded Gas (HU) 145.56
-2.13

-1.44
Natural Gas (NG) 11.74
+0.10

+0.88

Metals

Gold (GC) 503.50
+0.90

+0.18
Silver (SI) 840.50
-5.20

-0.61
Copper (HG) 191.15
+0.05

+0.03

Grains

Corn (C)

200.50
-0.75

-0.37
Wheat (W) 316.75
+3.50

+1.12
Soybeans (S) 554.00
-3.75

-0.67

Softs

Sugar (SB) 12.45
-0.02

-0.16
Coffee (KC) 99.95
-0.15

-0.15
Cocoa (CC) 1404.00
-6.00

-0.43
Frozen Orange Juice (JO) 118.20
+0.55

+0.47
Cotton (CT) 52.31
+0.12

+0.23
Lumber (LB) 324.80
+1.30

+0.40

Livestock

Lean Hogs (LH) 66.82
-0.92

-1.37
Live Cattle (LC) 95.18
-0.03

-0.03


Economic News

ICSC-UBS Store Sales:

Actual -0.7%

Durable Goods Orders:

New Orders – Actual 3.4% Consensus 1.8%

Consumer Confidence:

Confidence Index – Actual 98.9 Consensus 90.0

New Home Sales:

Actual 1.424 Mln Consensus 1.2 Mln

Ashton Dorkins

ashtond@tradingmarkets.com


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