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Dollar Declines, but Commodities Mixed

Briefing.com
Posted: 2009-11-06 10:34:14
[BRIEFING.COM] The U.S. dollar had garnered support in the minutes following a disappointing October jobs report, but it has since buckled so that the Dollar Index is down 0.2%. Despite the dollar's drop, commodities are seing mixed interest.

Gold prices have ascended to new record highs and currently sport a 0.7% gain at $1097.30 per ounce. Contracts had priced the yellow metal as high as $1101.90 per ounce.

Silver has followed suit. Prices for the precious metal are up 0.5% to $17.51 per ounce.

Oil has come under considerable pressure, though. Contracts for crude are being priced 2.7% lower at $77.50 per barrel.

Natural gas is also contending with selling. Contracts are being priced at $4.64 each, down 3.0%.

11/06/2009 10:30 EST
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