CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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CNBC's Bertha coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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Japan's core consumer prices unexpectedly rose 0.1 percent in July from a year earlier on higher energy prices, Internal Affairs ministry data showed on Friday, but worries about the global economy cloud the outlook for consumer spending and the nation's battle with deflation.*
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Mad Money host Jim Cramer weighs in on the impact of higher margins on the precious metal but says it will go dramatically higher because it is a currency, and Art Cashin, UBS with an outlook on European banks.
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The U.S. dollar was given an early lift against the yen and Swiss franc in Asia-Pacific trade on Monday amid reports that a deal on the U.S. debt wrangle was close, raising hopes the world's biggest economy will avert a debt default.
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Japan's core consumer prices rose 0.4 percent in June from a year earlier, Internal Affairs ministry data showed on Friday, rising for the third straight month on higher commodity costs, but a looming base-year change is obscuring the outlook for price trends.*
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Gold prices edged higher on Thursday, building on three days of gains, supported by inflation concerns that are pushing central banks to raise rates, while an ongoing debt crisis in the euro zone also underpinned sentiment.
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The euro rose against the dollar Monday on hopes Greece's parliament will approve an austerity package this week and the country will avoid a sovereign debt default.
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Analysis of the sharp rise in the euro and whether new austerity measures in Greece will stabilize the currency, with Marc Chandler, BBH currency strategist.
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