Commodities were impacted this week by fiscal?uncertainty?in Cyprus, with the economically sensitive commodities, such as oil and copper feeling some downside pressure, while safe haven gold found cause to rally in the debt drama.
On Friday, Cyprus seemed to be very close to securing a bailout deal; therefore, equities and economically sensitive commodities edged higher. Brent crude up slightly on day, down over 2 percent on the week. ?Copper also inched ?up on the day, ?but slid 1 pct on week. ?Gold slips for session but post a gain for the week.
The Thomson Reuters-Jefferies CRB index, a global indicator for commodities, rose 0.2 percent on the day. But for the week, the 19-commodities index was down 0.6 percent.
Top Gainers
US Crude +1.6%
US Coffee +1.2%
LME Copper +1.2%
US Copper +0.9%
Top Losers
US Coffee +1.2%
US Silver -1.8%
US Corn -0.9%
nyc.gov SAT Notre Dame Football Schedule detroit tigers Tsunami Lil Reese Hurricane Sandy Nyc
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.