Gold Prices Higher but Oil and Silver Lower in america, europa. and africa

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Gold Prices Higher but Oil and Silver Lower in america, europa. and africa

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Commodities were mixed Friday with silver and oil prices declining while gold advanced (see commodities charts below). In Asia, energy was higher but precious metals were lower.

Precious Metals

Gold, platinum, palladium and copper were higher on Friday, but silver declined again (see survey #2 settle price chart below). Silver has fallen three days straight.

August gold on the COMEX jumped $9.70 (+0.63%) to $1,542.40 a troy ounce. For the week, the golden metal is up 1.29 percent.

The ratio between gold and silver continues to grow. The ratio was 43 on Friday. Silver for July delivery fell 0.01 (-0.03%) to $36.19 an ounce.

In Tokyo, gold and silver closed the week lower (see Tokyo Commodity Exchange Chart below). Silver was down 4.49 percent over the last 5-day period. The precious metal fell 3 yen (-3.21%) to 93.5 yen per gram on Friday. That works out to $35.97 an ounce.

Gold fell only slightly on TOCOM. Platinum and palladium were lower on Friday but were higher for the week. Both of those metals were higher in the United States.

Poor economic news this week may have helped push gold futures higher in the U.S.

Energy Prices

Light sweet crude oil on the New York Mercantile Exchange (NYMEX) fell 0.18 (-0.18%) to $100.22 a barrel.

Negative economic news could put downward pressure on oil prices. On Friday, the Bureau of Labor Statistics said the unemployment rate increased from 9 percent to 9.1 percent.

Brent crude on the Intercontinental Exchange (ICE) was higher Friday, up $1.31 (+1.14%) to $11.84 a barrel.

Heating oil was higher but natural gas was lower.

In Tokyo, oil and gasoline prices were higher Friday (see TOCOM chart below). For the week, both were down.

Agricultural Commodities

Agriculture futures were mixed Friday (see survey #1 chart below). Cocoa, corn and cotton were lower. Cocoa was down 4.46 percent for the week and cotton was down 8.16 percent.

Soybean, sugar and coffee were higher. Over the last week sugar was up 4.67 percent. Ports in Brazil have been congested and this could lead to higher sugar prices, according to Bloomberg.

Lean hogs were down 0.28 to 87.93 cents per pound. Live cattle futures were higher.

Tokyo Commodity Exchange:

6/3/2011	Tokyo Commodities Exchange		One-Day	One-Day	Five-Day
Yen *		Dollars	¥ Change	% Change	% Change
3,982	Gold (standard)	$1,531.92	-33	-0.82%	-0.03%	Apr-12
93.5	Silver	$35.97	-3	-3.21%	-4.49%	Apr-12
4,744	Platinum (standard)	$1,825.08	-33	-0.69%	0.87%	Apr-12
1,991	Palladium	$765.96	-27	-1.34%	0.81%	Apr-12
54,950	Crude oil	$108.06	530	0.97%	-0.69%	Nov-11
65,280	Gasoline	$3.06	370	0.57%	-1.08%	Dec-11
389.5	Rubber	$2.19	8	1.99%	0.65%	Nov-11

Survey #2 Settle Price:

Friday	Survey # 2 (BSNCOM2)	One-Day	One-Day	1 Week	30-Day	100-Day
6/3/2011	Energy and Metal Settle	$ Change	% Change	% Change	% Change	% Change	Month
115.84	Brent crude	1.31	1.14%	0.79%	-4.52%	21.04%	July
76.70	Coal	-0.05	-0.07%	1.59%	-0.81%	-0.07%	July
4.1345	Copper HG	0.05	1.22%	0.57%	-4.72%	-4.93%	July
100.22	Crude oil (CL)	-0.18	-0.18%	-0.01%	-10.08%	10.00%	July
2.65	Ethanol ZE CBOT	0.01	0.26%	0.30%	3.11%	16.24%	July
1542.40	Gold GC	9.70	0.63%	1.29%	2.90%	11.42%	August
3.06	Heating Oil (HO)	0.01	0.42%	2.11%	-5.54%	17.17%	July
4.71	Natural gas NG H.H.	-0.09	-1.81%	7.96%	9.21%	5.04%	July
783.25	Palladium PA	14.85	1.93%	3.44%	3.21%	-0.06%	June
1823.70	Platinum PL	5.90	0.32%	2.56%	1.16%	3.02%	July
36.19	Silver SI	-0.01	-0.03%	-3.05%	-18.60%	22.69%	July
2.9931	RB RBOB Gasoline	0.03	0.86%	-0.48%	-7.86%	20.77%	July
57	UxC Uranium U3O8	0.00	0.00%	-0.87%	1.33%	-13.31%	June
350.22	Average All	2.43	0.70%	2.07%	1.42%	5.55%	All
707.78	Metals Average	5.08	0.72%	2.16%	1.95%	5.17%	Metals
43.74	Energy Average	0.15	0.34%	0.82%	-5.35%	11.17%	Energy
43	Ratio Gold/Silver Prices	0.28	0.66%	4.47%	26.42%	-9.18%	Ratio

Survey #1:

Friday	Survey #1		One-Day	One-Day	1 Week	100-Day	100-Day
6/3/2011	Commodity	Platform	$ Change	% Change	% Change	% Change	Low
2,653.50	Aluminum	LME 3-mo	-16.00	-0.60%	4.06%	6.06%	2381.00
115.84	Brent Crude	IPE	1.31	1.14%	0.79%	21.31%	95.25
2,870.00	Cocoa	CSCE	-32.00	-1.10%	-4.46%	-2.21%	2870.00
270.75	Coffee	CSCE	8.85	3.38%	1.69%	15.36%	232.00
4.127	Copper	COMEX	0.03	0.72%	0.24%	-4.60%	3.92
682	Corn X 100	CBOT	-11.00	-1.59%	0.29%	12.36%	607.00
138.7	Cotton	NYCE	-0.53	-0.38%	-8.16%	-7.98%	134.33
654	CRB Com Index	NYFE	5.00	0.77%	1.08%	6.99%	611.25
100.57	Crude oil	NYMEX	-0.30	-0.30%	0.37%	10.35%	84.56
124.3	Feeder cattle	CME	0.40	0.32%	1.06%	-0.98%	121.95
1,543.60	Gold GC	COMEX	8.90	0.58%	1.39%	11.37%	1314.80
87.93	Lean hogs	CME	-0.25	-0.28%	0.80%	9.57%	80.25
104.88	Live cattle	CME	0.90	0.87%	0.51%	-3.51%	103.70
4.69	Natural gas	NYMEX	-0.10	-2.09%	6.83%	4.22%	3.85
183.95	Orange juice	NYCE	0.45	0.25%	-0.33%	2.77%	158.00
783.25	Palladium	NYMEX	10.10	1.31%	3.74%	-1.54%	705.05
1,816.40	Platinum	NYMEX	0.10	0.01%	2.54%	1.96%	1675.00
121	Pork bellies	CME	0.00	0.00%	0.00%	14.15%	106.00
36.29	Silver SI	COMEX	0.11	0.30%	-2.89%	22.48%	26.87
1,408.50	Soybeans X 100	CBOT	2.00	0.14%	1.40%	3.68%	1270.00
23.77	Sugar	CSCE	0.05	0.21%	4.67%	-27.42%	20.42
3	Unleaded gasoline	NYMEX	0.02	0.59%	-0.28%	21.65%	2.36
774.5	Wheat X 100	CBOT	5.50	0.72%	-5.09%	1.97%	662.00
6/3/2011	Commodity Type		Change	One-Day	1 Week	100-Day	Low
629.62	Average (All) -Alum	BSNCOM1	-0.98	-0.15%	0.29%	3.60%	607.73
56.03	Energy	Energy	0.23	0.42%	0.71%	15.76%	47.40
109.53	Livestock *	Live stock	0.26	0.24%	0.58%	4.19%	105.12
794.02	Agricultural	Agricultural	-3.34	-0.42%	-2.48%	1.52%	782.15
836.73	Metals Minus Aluminum	Metals	3.85	0.46%	2.28%	4.67%	762.25