(May 18 2012) Commodity Market Recap- Exclusive to GEOnomic Investing.
After a?tumultuous?week, there were some bright spots in the commodities markets at the week?s-end. Here is a snap-shot of the biggest developments. ?After getting beaten down all month, gold rallied late Thursday and into?Friday, adding ?$72 to the spot price of gold, lifting it from a low of $1523/oz on Wednesday to $1595 an ounce. Silver also climbed and was approaching $29 an ounce.
Corn traders turned bullish on concerns that hot and dry weather will curb U.S. yields.?Nineteen of 27 analysts surveyed by Bloomberg expect prices to gain next week and three were neutral, the highest proportion since March 30.
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