Stocks aren't the only way to play this spectacular bull run. Learn about three reasons why this is a great time to increase your exposure to commodities.
Producer prices in Canada gained 0.5% in July from June, primarily on higher prices for energy and petroleum products, Statistics Canada said on Tuesday in a preliminary flash estimate. Energy and petroleum prices rose by 4.5%, the agency said, largely led by an increase in refined petroleum products and biofuels, including motor gasoline, light fuel oils and diesel fuel. Excluding energy and petroleum products, the industrial product price index increased 0.2%.
Gold’s nine-day run-up hit a bump on Thursday on across-the-board selling by investors responding to the worst economic quarter in U.S. history. “After a 10% rally since the middle of the month, gold prices seem ripe for a pullback,” said Ed Moya, an analyst at New York’s OANDA. Spot gold, a real-time indicator of trades in gold bullion, was down $16.98, or 0.9%, at $1,953.87 by 2:20 PM ET (18:20 GMT).