Gold dropped today as the recent rally prompted traders to take profit. It does not necessary mean that the precious metal lost its bullishness, considering that prices reached the
Aluminum gained today on signs that demand is growing, while stockpiles are dwindling. Inventories monitored by the London Metal Exchange fell to the lowest level since October 2012, while orders reached the record high of 3.04 million metric ton. Contract for delivery of aluminum in three months rose 0.8 percent to $1,911 per ton on LME, and its daily high of $1,912 was the highest since June 10.
Soybeans rebounded today as experts changed their view on the weather impact on US crops yet again and now think that rains damaged plants. There were reports that US reserves were lowest since 1977. November contract for delivery of soybeans gained $0.0425 (0.35 percent) to $12.2875 per bushel on CBoT today.
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