Continuing Commodities’ Conundrum

- May 24th, 2011

Resource Investor reports Tuesday’s sun shone brighter on commodities, as a dip in the US dollar lifted the value of metals.

Resource Investor reports Tuesday’s sun shone brighter on commodities, as a dip in the US dollar lifted the value of metals.

The market news is quoted as saying,

Against this background, precious metals trading opened on a firmer note on Tuesday in New York. Gold added about $5 in the initial minutes of trading and it rose to $1,522.00 per ounce. Silver outperformed once again, gaining more than 2% and adding 76 cents to last night’s closing values with a rise to the $35.83 level on the bid-side. Platinum reversed Monday’s losses with a climb of $11 to the $1,760.00 mark per ounce, while palladium gained $5 to touch the $733.00 per ounce price quote. Rhodium was unchanged at $1,880.00 per troy ounce.

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