Commodities Update: Commodities Come Under Selling Pressure
The major equity markets momentarily pared losses, but have since fallen back toward lows seen earlier in the session. Commodities contracts are also showing general weakness... According to May futures, oil prices are currently down 2.5% to $51.20 per barrel as crude prices gyrate through negative territory. Meanwhile, natural gas is being priced 1.3% lower at $3.75 per contract... Gold is seeing particularly stiff selling pressure. Gold was recently quoted at $869.00 per ounce, down 3.0%. Gold prices are now down some 13% from their February high of $1,004.90 per ounce. Silver is also contending with a concerted selling effort. Futures contracts for silver are pricing the metal 4.3% lower at $12.19 per ounce... The Baltic Dry Index shed 1.3% amid weakness in each of its subindices. Panamax was the group's worst performer, dropping 3.6%. Dow -1.4%, Nasdaq -2.2%, S&P 500 -1.7%.
Horsehead and Orion Nebulae
![](//antwrp.gsfc.nasa.gov/apod/image/0903/horseheadorion_martin_big.jpg)