CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.
CNBC's Sharon Epperson reports heavy short covering, bargain hunting and the weaker U.S. dollar today caused a major reversal in precious metals. Silver is up over 1 percent.
Bob Parker, senior adviser at Credit Suisse, tells CNBC that it is premature to reopen long commodity positions and how he doesn't see anything that will support the gold price.
First it was gold, and now it's silver. The metal fell victim to heavy selling on Monday on U.S. dollar strength and as investors turned more cautious.
Squawk Box Europe anchors and Frederic Neumann, MD and co-head of Asian economics research at HSBC, discuss the heavy losses in the silver market and the possible reasons behind them.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
The FMHR crew have the play on Wal-Mart, Groupon, and Williams Lyon Homes. And, a look at the trade on gold, with the Futures Now team and CNBC's Josh Lipton.
CNBC's Bertha Coombs says negative economic data from Europe put pressure on commodities overall. Prices at the pump are 12 cents below where they were a year ago.
Japan is the "hottest trade on the planet" right now, with the "Fast Money" traders; and Silver Wheaton is the largest precious metals streaming company in the world, and its CEO Randy Smallwood discussed its earnings and the metal market.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was lower on the day, while gold dipped and came back later in the day.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. After a big slide in oil and gold, traders will be looking to see if they recover Monday, she says.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders appear more enamored with stocks than commodities, she says. Record crude supplies are pressuring prices downward. And gold is still under pressure.