Wednesday, February 22, 2006
Futures Little Moved By CPI Report
The CPI report pulled gold slightly lower this morning. "Gold futures fell early Wednesday, pulling other metals with them as traders digested the January consumer inflation report. The Labor Department said consumer prices rose 0.7% in January, led by higher energy, food and housing costs. The core consumer price index, which excludes food and energy prices, increased 0.2%, as expected."
"Gold for April delivery was last trading down $3.30 at $553.30 an ounce, off its low of $549.80. Silver was flat at $9.545 an ounce. Platinum fell $8 to $1,026.50 an ounce and palladium lost $2 to $292 an ounce. Copper fell 2.75 cents to $2.246 a pound."
The futures have since recovered to about even as of this writing.
"Gold for April delivery was last trading down $3.30 at $553.30 an ounce, off its low of $549.80. Silver was flat at $9.545 an ounce. Platinum fell $8 to $1,026.50 an ounce and palladium lost $2 to $292 an ounce. Copper fell 2.75 cents to $2.246 a pound."
The futures have since recovered to about even as of this writing.
# posted by Ben Jones @ 7:41 AM 
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Japan's Boom May Explode Yen-Carry Trade: William Pesek Jr
Emerging market currencies slide on contagion fear
Iceland's currency dropped 3.4% versus the dollar.
does this sound familiar?
"The krona suffered its biggest one-day fall against the US dollar for most five years on Tuesday, tumbling 4.6 per cent, as Fitch lowered the outlook on Iceland's country rating from "stable" to "negative", citing an "unsustainable" current account deficit and soaring net external indebtedness."
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Emerging market currencies slide on contagion fear
Iceland's currency dropped 3.4% versus the dollar.
does this sound familiar?
"The krona suffered its biggest one-day fall against the US dollar for most five years on Tuesday, tumbling 4.6 per cent, as Fitch lowered the outlook on Iceland's country rating from "stable" to "negative", citing an "unsustainable" current account deficit and soaring net external indebtedness."
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