Commodity Daily News

Commodities Spike, but Crude Oil Remains Flat

Unlike yesterday's Gold prices, Crude Oil failed to see any bullish growth following the opening of the US markets at 12:30 GMT. Once the New York markets opened, the USD faced a modest downturn against the EUR while stocks gained slightly. As a result, the price of precious metals, such as Gold and Silver, spiked drastically while the price for a barrel of Crude Oil remained relatively flat at $68.

With so much news affecting the stock market and forex, many traders tend to overlook the benefits of commodity trading. Crude Oil tends to be an investment with a lot of potential as it moves in large wave trends with fewer volatile spikes, making it one of the safer investments for a portfolio looking for a hedge against inflation, or away from the volatility of many currencies. Today's and tomorrow's news releases about European interest rates and American employment data are expected to create a heavy level of volume and volatility, meaning most commodities will experience something similar. Don't miss out on these opportunities if you're an active forex trader.