CNBC reports the prices of crude and precious metals fell Tuesday – after long-term commodity bull Goldman Sachs advised investors to lock-in profits, before oil and other markets reverse.
CNBC reports the prices of crude and precious metals fell Tuesday – after long-term commodity bull Goldman Sachs advised investors to lock-in profits, before oil and other markets reverse.
The market news is quoted as saying,
We’ve seen a significant run in broadly across all commodities in 2010 and into 2011. So a wise man would probably at some point in time, if they’ve been long commodities for some time, take some profits. But we’re of the view that there’s certainly more to go in some of the commodities, especially gold and oil.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1927.96 | +0.24 | |
| Silver | 23.60 | +0.01 | |
| Copper | 4.23 | -0.04 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 79.38 | -1.63 | |
| Heating Oil | 3.19 | -0.11 | |
| Natural Gas | 2.85 | -0.09 | |
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