Commodity Gain 6.6 percent, Gold Rose 9.9 percent

Unknown | 04.51 | 2 komentar

Commodities gained 6.6 percent and MSCI All-Country World Index (MXWD) of equities climbed 9.7 percent. Treasuries lost 0.5 percent, a Bank of America Corp. index (MXWD) shows.

Gold rose 9.9 percent to $1,722.20 an ounce this year on the Comex in New York. The Standard & Poor’s GSCI gauge of 24. Hedge funds and other money managers boosted wagers on higher prices by 57 percent since mid-January. They raised their net-long position by 8.6 percent to 173,172 futures and options in the week ended Feb. 7, the highest level since mid-September, Commodity Futures Trading Commission data show.

Ten of 14 people surveyed expect raw-sugar prices to drop next week. The commodity is up 1.8 percent this year at 23.72 cents a pound on ICE Futures U.S. in New York.

Eleven of 21 people surveyed anticipate lower corn prices next week, while 12 of 22 said soybeans will advance. Corn fell 0.3 percent to $6.4475 a bushel this year as soybeans rose 5.7 percent to $12.77 a bushel.

“By initiating further rounds of quantitative easing, central banks should be one of the supporting factors for commodity prices,” said Daniel Briesemann, an analyst at Commerzbank AG in Frankfurt. “The high uncertainty and growing risk aversion among market players surrounding the Greek debt saga should depress any meaningful price increases.”

Gold survey results: Bullish: 12 Bearish: 5 Hold: 5
Copper survey results: Bullish: 9 Bearish: 8 Hold: 7
Corn survey results: Bullish: 7 Bearish: 11 Hold: 3
Soybean survey results: Bullish: 12 Bearish: 9 Hold: 1
Raw sugar survey results: Bullish: 2 Bearish: 10 Hold: 2
White sugar survey results: Bullish: 2 Bearish: 9 Hold: 3
White sugar premium results: Widen: 5 Narrow: 6 Neutral: 3

Central banks are keeping interest rates at or near record lows and expanding stimulus measures to spur growth that the International Monetary Fund predicted on Jan. 24 will be 3.3 percent this year, down from a previous forecast of 4 percent. Greece is seeking more aid on top of the 110 billion euros ($145 billion) awarded in 2010 and Moody’s Investors Service cut the ratings of six European nations on Feb. 13.

Category: , , , , , ,

2 komentar:

  1. Commodity Trading Chicago | Best Futures Broker18 Februari 2012 pukul 06.46

    [...] Commodities: The Basicsfuture option trading – Trading Pro System has taken thousands of average men and women and turned them into Professional TradersCommodities and Commodity Futures Trading (Series): Why Do Traders Trade CommoditiesA Guide to Options and Future TradingCommodity Futures Trading - Everything is a CrossResearch and Markets : 550 Companies Active in Global Commodity Markets ExaminedThe Basics of Future Options TradingSuccess In Investing With Commodity Trading MarketTips To Follow For Good Commodity TradingCommodity Gain 6.6 percent, Gold Rose 9.9 percent [...]

    BalasHapus
  2. Angel Ahrenholz18 Februari 2012 pukul 14.17

    I almost never leave remarks, however i did some searching and wound up here Commodity Gain 6.6 percent, Gold Rose 9.9 percent | Commodity Agriculture and Mining. And I actually do have 2 questions for you if you do not mind. Is it simply me or does it look like some of these comments come across like left by brain dead individuals? :-P And, if you are posting on additional social sites, I would like to keep up with anything new you have to post. Would you make a list of every one of your public pages like your linkedin profile, Facebook page or twitter feed?

    BalasHapus