Gold and Oil News
Gold and Oil News - April 2, 2011 0:16
Gold Futures witness Correction after Reaching the Record High
Gold futures rebounded on Friday’s trading session on positive development in US economy and expectations of interest rate hike by US Federal Reserve. According to the latest data job in United States substantially increased in month of March as compared to last six months. The US Labor Department reported that private jobs in America increased […]
Gold and oil climb as dollar rally stalls
Gold and oil prices were higher in late Thursday (March 30) trade as investors took a renewed interest in commodities following an early week rise in the value of the US dollar. One ounce of gold currently fetches $1,425.90 in late night New York GLOBEX trade. This is up over $7 from Tuesday’s close at […]
Crude Oil Declines on Latest Libyan Situation
Crude oil futures faced correction on Tuesday’s Asian trading session as the Gadhafi’s opposition forces continue to acquire land in Libya and have decided to resume crude oil exports. Crude oil future contract for May delivery dropped $0.08 to $103.91 per barrel in Asian trading session of New York Mercantile Exchange. The contract declined 1.4 […]
Gold Faces Further Correction despite its Safe Haven Status
Basic metals remained under pressure on Tuesday’s overnight trading session as investors and traders went profit taking in gold futures which settled around $1,413 per ounce. The gold future contract for April delivery declined $6.20 to $1,413 per ounce on Tuesday’s Asian trading session at electronic trading of Globex. According to experts the investors went […]
Crude Oil remains Stable as Investor’s Keenly Watch Situation in Mideast
Crude oil futures remained stable above $105 per barrel on Friday as traders closely watched the political unrest in Middle East for next development. The positive news of increase in US real gross domestic product also had no affect on the commodities trading and oil prices. According to the revised data of US Commerce Department, […]
Gold sets new standard at $1,447
Gold prices soared to a new intraday record high during Thursday’s (March 24) trade on the New York NYMEX. The precious metal traded as high as $1,447 before falling to a closing price of $1,430.80. Wednesday’s closing price in New York established the new record high closing price at $1,438.60. The current gold spot rate […]
Gold Futures Reach their Record High
Gold futures traded on heavy bullish rally on Wednesday’s trading session. Investors were uncertain due to increasing crude oil prices and were expecting high inflation. Traders shifted their focus to safe haven investments in reaction to political crisis and riots in Libya and Middle East. Moreover situation in Japan has further added to surge of […]
Crude Oil remains stable on Wednesday’s Asian Trading Session
Stability was witnessed in trading of crude oil futures on Wednesday’s Asian trading session as investors are closely watching the political crisis in Libya and other Middle Eastern countries. Crude oil future contract for May delivery remained the most active and slightly declined $0.07 to $104.90 per barrel on Globex trading session. The contract reached […]
Oil prices fall in aftermath of Japan devastation
Oil prices are trading well below $100 as the news following Japan’s 8.9 earthquake last week continues to get worse. The Japanese government continues to advise of possible nuclear meltdowns and has made multiple mentions of radiation concerns around the northeast Japan region. One barrel of light sweet crude oil futures trades at $98.67 in […]
Oil prices drop below $100 on Japan earthquake, OPEC
A major 8.9 earthquake and tsunami struck Japan overnight in the United States, Friday afternoon in Northeast Asia. Japan is the third largest consumer oil and the emotional response from speculators quickly knocked light sweet crude futures below $100. In early Friday morning New York NYMEX trade, crude futures are worth $100.05 per barrel The […]
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