Gold Faces Further Correction despite its Safe Haven Status - March 29, 2011 17:52

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 - March 25, 2011 19:49

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 - March 25, 2011 14:28

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 - March 24, 2011 13:26

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 - March 23, 2011 11:21

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 - March 15, 2011 21:51

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 - March 11, 2011 19:59

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 […]

Oil prices continue higher as $5 gas talk heats up - March 9, 2011 14:41

Discussion of possible $5 per gallon gasoline prices for the busy summer driving season is on the rise as oil prices continue to move upward. One barrel of light sweet crude oil futures is down $.09 to $104.93 in early Wednesday (March 9) morning trade on the New York NYMEX. Reports on crude inventory levels […]

Crude Oil Futures Reaches $104 per barrel on Shortage in Global Supply - March 7, 2011 13:11

Crude oil futures posted heavy gains on Friday and closed on $104 per barrel as the investors were uncertain about the shortage in global oil supply created due to crisis in Libya. Crude oil futures contract for April delivery surged 2.5 percent to $104.42 on Friday at New York Mercantile Exchange as compared to $101.91 […]