Exporters, livestock feeders and ethanol makers are going through the U.S. corn stockpile faster than farmers can grow the crops, the government said on Friday. Despite record crops in two of the past three years and another record within reach this year, the Agriculture Department estimated the corn carryover will shrink to the lowest level since 2006/07. Get the full story »
Inside these posts: Commodities
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Gold slips as stocks bounce
Gold erased early gains on Tuesday to tumble to a six-week low as selling precipitated by a sharp rebound in equities pushed the metal through key technical support levels near $1,200 an ounce. Get the full story »
July 2, 2010 at 11:06 a.m.
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Filed under: Gold rises after weak U.S. payrolls data
Gold rose on Friday after data showed U.S. employment fell for the first time this year in June, with bargain hunting after the previous day’s price drop also helping lend support to the market. Get the full story »
Commodities see biggest monthly drop since 2008
Gold coins and bars at California Numismatic Investments in Inglewood, Calif. Gold rose about 3 percent on the month for its best showing since
February. (AP Photo/Nick Ut, file)
Reuters | Commodities in May had their steepest monthly decline in 18 months, with
a key sector index down more than 8 percent as the European crisis
roiled energy, metals and agricultural markets.
Crude oil fell 14 percent on the month, copper 7 percent and sugar 6
percent. Markets in May were focused on the euro zone debt crisis, which began with worries over Greece’s finances, and entered a new phase on
Friday with a credit ratings downgrade for Spain.
Gold rose about 3 percent on the month, for its best showing since
February. Risk-averse investors piled into the shiny metal, viewing it as a
safe haven during times of financial and political trouble.
