Copper Prices Sliding On Chinese Slowdown Concerns - April 26, 2022 17:44

Major concerns were raised on Monday on continued demand from China which sent the copper price and main industrial metals sliding yesterday. Covid continues to be a pest in China, with lockdowns in major cities and ports suffering backlogs of unloading ships. After China promised more support to revive an economy which has been ravaged […]

Gold Rises on Euro Strength - April 29, 2013 22:36

The Euro pushed back towards $1.31 today while the U.S. Dollar weakened versus the Japanese Yen.  Yen strength means dollar weakness across the board as we saw all inflation assets move higher.   Gold, up until recent months, had been strongly correlated with the Euro/Dollar cross but that relationship has broken down with the rise of […]

Gold Declines on Global Economic Concerns - October 10, 2012 21:50

Gold futures fell on Tuesday due to rising concerns over global economic scenario. While stronger dollar also kept commodities under pressure, investors were also more focused on corporate earnings. Gold futures contract for December delivery fell 0.6 percent or $10.70 to settle at $1,765 per ounce on the Comex division of the New York Mercantile […]

Crude Oil Gains as Iran Continues to Disrupt Oil Supply While Greece Reaches on a Deal - February 22, 2012 23:56

Crude oil futures rallied and settled on its highest since May, 2011 on Tuesday in reaction to the possibility of further actions by Iran to disrupt the oil supply while Greece reached on an agreement for the second trench of the bailout package. Most analysts termed the current situation as ideal for the crude oil. […]

Gold Futures Rally on Greek Deal - February 22, 2012 23:17

Gold futures jumped on Tuesday making their highest in last two weeks in reaction to approval of the second bailout package for Greece. After series of meetings, finance ministers from European Union member countries agreed for a figure of 130 billion euros equivalent to $171.9 billion as the second trench of Greece’s bailout package. Broker […]

Crude Oil Futures Gains as Worries over Global Supplies Escalate - December 28, 2011 23:54

Crude oil futures jumped on Tuesday to settle above $101 per barrel as investors remained uncertain over global crude oil supplies due to tensions in Iran. Moreover better than expected US consumer confidence data further helped the crude oil to appreciate. President of Prestige Economics, Jason Schenker commented, “The Iranian statements threatening a close of […]

Oil Futures Jump on Inventories Data - October 6, 2011 23:52

Crude oil futures gained on Wednesday in reaction to decrease in inventories data and uncertainty over US employment conditions. According to the latest data of the Energy Information Administration, crude oil inventories fell 4.7 million barrels for the week ending September 30th, 2011 whereas analysts expected the oil stock piles to increase by 2.5 million […]

Gold Jumps on Thursday on increased US Jobless Claims - September 9, 2011 23:22

Gold futures contract surged on Thursday as investors were uncertain about US economy on increase in US jobless claims for the last week. Moreover European Central Bank is also pessimistic about the euro zone’s future growth which made investors shift their focus towards the safe haven status of the gold. As per latest data of […]

Oil Falls on Tuesday in Reaction to Reduced Global Demand - August 18, 2011 0:00

Crude oil futures declined 1.4 percent on Tuesday on reaction to uncertainty over oil’s global demand outlook. Selling pressure was for crude oil futures as escalating political crisis in Middle East and North Africa followed by oil spill in North Sea raised concerns. Crude oil futures contract for September delivery declined $1.23 to settle at […]