Gold and Oil News
Gold and Oil News - July 8, 2010 8:50
Gold below $1,200 despite US, dollar concerns
It is a bit unusual, but gold prices are currently falling in line with US economic concerns, equity index drops, and dollar losses. Typically, gold is known as the “safe money†investment when there is economic uncertainty.
Oil prices below $78 as Fed meetings conclude
As analysts and investors await the Federal Reserve’s announcement on interest rates later Wednesday (June 23), oil prices are trading below $78 per barrel on the New York Mercantile Exchange.
No immediate plan to import wheat: Pawar
No immediate plan to import wheat: Pawar New Delhi (PTI): The government has no immediate plans to import more wheat as buffer stock is satisfactory and production this season is expected to be near the targeted level, Agriculture and Food Minister Sharad Pawar said on Friday. ‘By and large we Source: c.moreover.com
Commodities see explosive growth
ETF Securities has experienced explosive growth as investors look for alternatives to the equity markets ETF Securities, which specialises in exchange traded funds tracking commodities, has seen total assets under management grow in the past 5 weeks by Read More… NEW YORK – Energy futures dropped below US$90 a barrel Wednesday after the U.S. government […]
ZCI – Zambia Copper Investments – Further Cautionary Announcement
ZCI – Zambia Copper Investments – Further Cautionary Announcement Code(s): ZCI Zambia Copper Investments Limited (Registered in Bermuda) JSE code: ZCI ISIN: BMG988431240 (‘ZCI’) FURTHER CAUTIONARY ANNOUNCEMENT Further to the cautionary announcements released on SENS between 2 September 2005 and 28 November 2007, the Source: c.moreover.com
Crude oil hits record $100 for first time
Crude oil hits record $100 for first time By Edmund Conway, Economics Editor Crude oil has hit the $100 milestone for the first time in history, as a host of commodities smashed through record levels. Analysts warned that inflation and high energy prices would remain a key threat on the Source: c.moreover.com
Global steel prices to go up in 08: Fitch
Global steel prices to go up in 08: Fitch : Fitch Our Bureau Mumbai, Dec. 11 Global credit rating agency Fitch expects steel price to increase in most markets in 2008, and says tight raw material markets are likely to cause margin compression for producers who do not control their sources of Source: c.moreover.com
Crude Oil Soars Past $94 Mark
PM – Oil soared Wednesday after data from the Department of Energy showed a drop in inventories for a fourth straight week. Light sweet crude for January delivery moved to $94.39 a barrel, up $4.37, on the session. It reached as high as $94.89, its Read More…
Oil prices fall back to near US$94 a barrel
BANGKOK, Thailand (AP) – Oil prices fell slightly Thursday in Asia after a jump the previous session on unexpected declines in U.S. crude and heating oil stocks and following the Federal Reserve’s announcement of a plan to help banks through the credit Read More… Extract not available. Read More…
Wheat Falls as High Prices May Limit Foreign Demand
Wheat Falls as High Prices May Limit Foreign Demand Wheat fell on Tuesday on speculation that high prices may limit demand. Article Tags futures wheat Kansas City and Minneapolis prices reached record levels Monday. Prices could fall as export demand looks to wane. The USDA reported that global Source: c.moreover.com
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