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COMEX - COMEX Delayed Price. Currency in USD
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1,803.80-1.90 (-0.11%)
As of 03:21AM EDT. Market open.
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  • Yahoo Finance Video

    The story behind the surge in silver, copper, and gold

    Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China's Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime to give insight into metals and how the markets might trade moving forward. McGlone elaborates on what could happen with silver as China looks to buy many precious metals: "There's potential rumors that, we know China has been the biggest buyer of gold, not just Chinese Central Bank, but citizens. There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path, that autocorrelation path in copper which spikes and then goes back down. In the macro, the big picture, though, I'm very favorable in terms of commodities, most favorable to metals versus most other commodities. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

  • FX Empire

    US Inflation Eases Slightly; Gold’s Gains Resume

    American annual inflation in April declined to 3.4% in line with the consensus, but expectations for rates remain similar.

  • Yahoo Finance Video

    Copper, gold, oil react to April CPI: Commodities check

    Copper futures (HG=F) are in the midst of a short squeeze, making record gains over the past several trading days. Although, copper prices are beginning to slide Wednesday morning. The shortage has caused the precious metal to be rerouted from other regions to the US. Crude oil prices (BZ=F, CL=F) tick down as the International Energy Agency (IEA) lowered its demand growth forecast for this year, citing weaker gas-oil consumption. Lastly, gold (GC=F) has surged after the release of April's CPI data this morning, revealing inflation to have come in-line with annual expectations and giving credence to the theory that the Federal Reserve may move towards cutting interest rates. Yahoo Finance Senior Markets Reporter Jared Blikre joins Morning Brief to break down the latest numbers for these commodities. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino