Daily Commodities Report: August 24th

BinaryOptionsNow | Published on August 24, 2011 at 12:52 pm

AnyOption review

Here is our daily Commodities report:

  • Crude

On Tuesday, crude prices rose on better global sentiment and increased appetite for risky assets. Slightly improved China’s flash PMI for August (compared to July) and lower than expected decline in European PMI overshadowed the fall of Gaddafi’s
regime.
Apart from global mood and Libya, the market will focus on US Department of Energy data today, besides other things due to
fears of a “double dip” recession. Previous reports show that the total gasoline supplied (a proxy for gasoline demand) in past
two months has reached levels more or less in line with longer term (2000 – 2007) average which is, on the other hand, about 150 thousand (August) or 300 thousand (July) barrels per day lower than in 2010.

  • Precious Metals

Lower risk aversion triggered a sell-off of precious metals on Tuesday. Silver lost more than 4 percent, whereas gold price
eased by about 3.5 percent (the largest dip since February 2010).
Even though that gold is trading in sight of an all-time high in nominal terms (1911 USD per troy ounce), the price of the metal
is well below its real record which is about 2400 USD/toz in the current prices.

Click HERE to open a Free Binary Options Demo Account

 Source: KBC

 

For more Binary Options News and Information, follow us on Twitter !

GD Star Rating
loading...
GD Star Rating
loading...
Daily Commodities Report: August 24th, 5.0 out of 5 based on 1 rating

Comments

Subscribe

Sign up for our Newsletter
IQoption banner
24option banner

Top Binary Options Brokers

91% Returns
in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
3 Types of Options
Free $500 Demo Account
15% Protected Returns
Most Advanced Trading Platform
88% Returns
Free 100% Trading Bonus
89% Returns
Free 100% Trading Bonus
24option banner

Binary Options Video