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US: Industrial Production beats consensus, at 0.4% in March

FXstreet.com (Barcelona) - Industrial production in the US rose more than expected, by 0.4% in March when analysts were pointing to 0.2% as the consensus prediction. February data was revised higher from 0.7% to 0.8%. Capacity utilization rose from 78.3% (revised from 79.6%) to 78.5% in March, beating consensus of 78.4%.

US Capacity Utilization up to 78.5% in Mar from 78.3% in feb

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Commodities Brief – Precious metals begin path to recovery, gold testing 1400

After yesterdays shear annihilation at the hands of commodity traders, the price of gold has found itself paring this morning’s losses and turning positive for the first time in two days. While the path to recovery is far from compensatory after yesterday, the price of gold has found itself trading at USD $1392.10 during US trading Tuesday. Presently, the bounce is still facing bearish headwinds, and a testing of the 1400 resistance is unlikely to break much higher with stability, at least in the near-term.
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