May 30, 2011

Commodity Gold, Copper and Crude Analytical View Daily 30 May

The Gold commodity market hits its highest of more than three weeks high because worries arises for Greece's debt the Gold crisis triggered buying by investors looking for a safe place to park assets and the dollar softer position also helped underpin sentiment. The Copper commodity on Friday came to its three-week high and the weaker dollar and its evaluations of commodity Month-end increased prices, but pared gains as poor U.S. data underlined a patchy global economic outlook that suggested its advance may falter. 
U.S. oil prices drifted lower on Friday as a plunge in U.S. home sales added to festering economic worries, erasing much of the day's earlier gains sparked by a weaker dollar.
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