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)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.