Commodity Market Outlook 05-11-2012
Gold holds near $1,720/oz
Silver was up 0.5 percent at $32.36 an ounce.
Copper rose on Thursday, helped by data
U.S. consumer confidence highest in more than 4 years
U.S. natural gas inventories climbed last week
U.S. crude stocks fall 2.05 million bl
Gold nudged up on Monday, recovering after stronger-than-expected U.S. jobs data dampened hopes for additional monetary easing and sent gold to a two-month low in the previous session.
Crude oil and gasoline futures fell more than 2 percent on Friday after Washington issued a waiver allowing foreign tankers to bring fuel to the East Coast from U.S. ports, holding out some promise of relief from supply disruptions caused by superstore Sandy.
Brent crude steadied near $106 per barrel on Monday.