Today is a great opportunity for capital gains on bullish waves, as the U.S economy released a handful of key and sensitive data that describes some of the characteristics of 2010's third quarter, all most all of the data came in positive and promising. The Data began with a mixed weekly jobs report where initial claims dropped cheerfully while continuing ones dropped sluggishly. Following the Jobs report the U.S economy released the Trade Balance figure during July where it showed shrunk deficit!

The previous paragraph carried the reason behind today's price trends, the news released from the U.S economy this morning boosted confidence and encouraged investors to trade in high yielding assets ad risky deals, while leaving behind their safe havens; Gold and US Dollar, as a reason the dollar depreciated launching oil prices upwards.

The dollar index that measures the dollar's performance versus six major currencies including the Euro, Yen and Sterling pound dropped heavily after the major sell wave fro the US dollar as investors substituted it with higher yielding assets, it currently reads 82.48 falling from the opening level of 82.61, it recorded a days high of 82.82, and a low of 82.33.

Gold changed from the Am fixing of $1253.50 per ounce in London to reach $1255.00 per ounce in the PM fixing. Silver on the other hand was fixed on $19.97 per ounce.

The most expensive metal traded "the Platinum" changed from the Am fixing of $1553.00 per ounce to reach $1552.00 per ounce in the PM fixing. As for the Palladium, it changed from the Am fixing of $522.00 per ounce to reach $523.00 per ounce in the PM fixing.

The commodity index CRB climbed 0.57 points or 0.21% to reach 274.84 points recording its highest level on 274.99 points and its lowest level on 273.69 points.

The Dow Jones UBS index which contains future contracts of 19 tangible commodities with somewhat equal weights, more equal than other commodity indices such as the CRB and the GSCI, has fell today by 0.12 points or 0.09% from yesterdays closing level of 135.43 points to currently trade at 135.31 points, the index opened at 134.75 points today, and recorded its highest level at 135.37 points and it lowest level at 134.62 points.

Gold was affected by two factors, the falling dollar that pushes its price upwards, and the selloff and week demand which brings its price downwards, well the tumbling demand had the bigger strength since it brought gold prices downwards as currently traded at $1254.25 and recorded its highest price at $1258.67 and its lowest prices at $1250.65 per ounce after opening at $1255.40. Silver which is currently traded at $19.97 recorded its highest price at $20.04 and its lowest prices at $19.74 per ounce climbing from the opening price of $19.93 per ounce.

Platinum which is currently traded on $1553.50 recorded its highest price at $1559.00 and its lowest prices at $1544.50 per ounce climbing slightly from the opening price of $1552.50. Palladium is currently traded at $520.00 and recorded its highest price at $524.00 and its lowest prices at $513.00 per ounce as it climbed from the opening price of $518.00.

For today's technical points click here.