Gold may Benefit from Surge in Wheat Prices

3 September 2010 3 September 2010

BonTrade

Commodity prices move sideways in European session as investors awaiting the US employment report. WTI crude oil eased a tad after a 2-day rally brought price to 75, mid-level of recent trading range. Gold changes little but the outlook remains firm. We find it worthwhile to discuss about the agricultural sector although it’s not under our prime coverage.