FX & CFD trading involves significant risk
Commodities finished higher across the board today, with livestock (+2.3%) and energy (+1.9%) leading the way. Sugar futures surged 4.1% to close at $0.3313/pound. March crude oil rallied for 1.3% to close at $87.33 per barrel. While this morning's inventory data ended up being a non-event, prices were able to rebound following a six session sell off. Since trading to two year highs, at $92.58, in early Jan, prices have dropped as much as 8.9%. Feb natural gas finished just above the flat line at $4.48 per MMBtu. Prices rallied off of lows throughout the afternoon to finish higher for the first time this week. Feb gold ended just above unchanged at $1330.00 per ounce, while March silver finished up 0.9% to $27.13 per ounce. Both metals are rallying in afterhours trade, following the release of the FOMC statement.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.