Against the current: Markets are down, yet Rough Rice, Coffee, Gold go up and make this list of top gainers.
The leading indices were losing ground — Natural Gas trades at $2.5 after losing 1.49%. Soybeans drawing back 0.43% to $1,504.25.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — highly important Initial Jobless Claims data from United States beat analyst expectations of 195,000 with a reading of 211,000.
Markets are falling this session, but some commodities are registering gains. Take a look at today's positive market movers.
Gold | Currently steady around $1,836.5
CME Gold is up 13% from the significant low of $1,623.3 it hit 5 months ago.
The Coffee future goes up to $176.2 after a 3 day downtrend
Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $175.05, the Coffee future is up to $176.2 per pound, which makes for a move of 0.66%/$1.15 today.
CME Rough Rice | +0.67% in mid-session
CME Rough Rice has been losing ground for 7 days Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $16.32, Rough Rice is up to $16.43 per cwt, which makes for a move of 0.67%/11 cents today.