1009 days ago
Natural gas is the way forward: futures are up 140% over the last 12 months
Natural gas futures are up a whopping 140% over the last 12 months !
1009 days ago
Gold heads for its biggest monthly decline since November 2016
Gold is headed for its biggest monthly drop in more than four years as the dollar sees a run of form--investors weigh the outlook for monetary policy after the federal reserve's hawkish shift. Bullion has resumed its downward trend as the Fed pulled forward its expected timing and pace of interest rate increases, and started a discussion of when to taper asset purchases.
1010 days ago
Steel reaching new heights on eve of Biden's plan
A key steel product used in construction and automobiles reached a record on Monday as Biden pushes ahead with his infrastructure spending plans. The rise might already be priced in but for the industrials sectors, the spending deal could still be a material step up in spending for companies exposed to roads, bridges, transportation, water and broadband communications.
1010 days ago
Gold crash--worse month for Gold in four years
Gold prices held around $1,776 per ounce at the end of this month, close from a seven week pit of $1,760 seen on June 17th and on track for the worst month since 2016 after the US federal Reserve sped up their expected pace of policy tightening earlier in the month. Market participants are also weighing fresh travel restrictions in Europe and Asia-Pacific amid worsening outbreaks of the coronavirus variant. The greenback is going strong however which weighs on the safe haven asset. Gold prices are down 6.9% for the month.
1010 days ago
What goes up must come down: lumber
The price of lumber is down 55% since the May high, as an increased supply is finally meeting the higher demand with sawmills ramping up production.
