Phil Flynn - The PRICE Futures Group - 52 mins ago
Every once in a while, say blue moon commodities get killed. As July ends the month with its second full moon this month the commodities markets end their worst month since 2011. Oil was a big part of that sector crash as it fell from the $60 a barrel handle to the $47 a barrel [...] (full story)
A faster second quarter growth in the U.S. supported expectations for an interest rate rise, which boosted the dollar and led to declines in commodities. Gold lost its appeal while rate hike looms.
Gold declined as solid US data supported rate hike
Oil... (full story)