Gold and Oil News
Gold and Oil News - July 15, 2014 12:40
Gold Falls But Higher Prices May Be On The Horizon
Gold prices fell sharply yesterday (Monday 14th) as a stop triggering run plunged the shiny stuff back to the top of the mid June spike. A general boom on the stock market has been chosen as the catalyst by many analysts, but as we well know, Gold is a beast for spiking and running those […]
Gold Prices Spike Higher On Increased Israel Tension
Once again we see Gold prices are starting to creep higher. If you have been following my recent comments, this should be no surprise, but increased unrest in the Middle East and not even a hint of information on when interest rates may increase in the USA has given the green light to further gains. […]
Oil Prices Consolidate Ahead Of Todays Inventories
Crude oil prices continue to consolidate above the $104 per barrel level, with tensions in Iraq and Ukraine creating a nervy marketplace for the black stuff. The sliding price of the US dollar is also helping the cause, with the dollar hitting new lows versus many of its major counterparts. Whilst the situation in Iraq […]
Gold Prices Higher – Were You Watching?
Gold prices continued to push higher yesterday, as investors around the globe start to look for a safe haven, whilst stocks are at their highs. These surges have been fuelled by the uncertainty surrounding the events unfolding in Iraq, as the Iraqi army launched an offensive to take back the city of Tikrit. While stocks […]
Are Gold Prices Poised To Make More Gains?
Yesterday seen the first down day for Gold prices this week, after an official from the Federal Reserve started that interest rates in the USA may be increased earlier than had been expected by the markets. This announcement stopped Gold bulls in their tracks in the short-term, but the question remains are Gold prices poised […]
Oil Prices – US Lifts Oil Export Ban After 40 Years
It’s only taken 40 years to change, but The US Commerce Department has given the green light to several businesses to start once again exporting crude oil, a huge policy change to a controversial ban which has stayed in place for the last four decades. But the question remains, will this solve the volatility in […]
Gold Price – Bulls Have The Technical Advantage
The price of Gold, in todays U.S. session, is marginally higher (Monday). The technicals show a huge spike in prices from the end of last week, (the largest one day rise this year) and on the back of that some profit taking has featured to begin the trading week. The silver and gold bulls will […]
Crude Oil Prices Make Their Move Higher On Iraq Concerns
Two days of solid rises in Oil prices at the end of last week, pushed Crude to new highs for the year, with the scenario in Iraq continuing to get worse by the minute, amid worries over disruption to oil supplies. Investors are homed in on the developments in Iraq, where militants are apparently participating […]
Gold Ramps Home Its Single Biggest Rise This Year
And as if by magic, the price of Gold is on course for the largest daily increase this year, being ramped up by investors (who were caught with their trousers down) by the prognosis for sustained low rates of interest from the Federal Reserve. Gold futures contracts for August delivery, the front month contract, increased […]
Gold Continues to Build Base Above $1300
Despite the Federal Reserve’s lame attempts to continue controlling the markets through its now shattered communications strategy the price of Gold continues to limp towards the start of COMEX physical deliveries in October consolidating between $1300 and $1400 per ounce. This morning’s durable goods miss was significant and after some HFT churn the gold market […]
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