BR: Commodities Higher, US Dollar Index Near Morning Lows
[BRIEFING.COM] Commodities are mostly higher today on broad market strength and weakness in the US Dollar Index. The CRB Commodity Index is +0.61 at 262.13.
March crude oil has traded in positive territory for most of today's session and just pushed to fresh session highs of $73.28 per barrel. In current activity, the energy component is trading just under that level at $73.04 per barrel, up 1.6%. March natural gas was modestly higher overnight, but began to fall notably about an hour before pit trading started and fell into negative territory. Natural gas hit fresh session lows 30 minutes ago at $5.297 per MMBtu and is currently at $5.322 per MMBtu, down 1.5%.
Precious metals are slightly higher this morning on the dollar's weakness. After trading in the black for the majority of the overnight session, April gold hit its session highs of $1079.80 per ounce approximately 20 minutes before floor trading began. Gold has pulled back only slightly since then and is 0.8% higher at $1075.10 per ounce. March silver hit its own highs of $15.395 per ounce around the same time as gold and is currently trading at $15.295, up 1.4%.