Posts Tagged ‘global economy’
Gold and Oil News - March 7, 2012 23:43
Crude Oil Declines on Global Economic Worries
Crude oil futures declined on Tuesday fell to their lowest in last two weeks in reaction to rising concerns over slow recovery in global economy. Moreover, a warning over possible Greece’s default by trade group disappointed investors further weakening the demand of commodities. As the reduced growth target by China wasn’t enough to shake the […]
Crude Oil Futures fell on Tuesday in Reaction to Stronger Greenback
Crude oil futures dropped on Tuesday as the US dollar gained. Further raising concerns over sluggish global further resulted in pressure on oil futures. Crude oil futures contract for October delivery fell 0.5 percent or $0.43 to $86.02 per barrel on New York Mercantile Exchange. The respective contract posted slight gains on the news of […]
Gold Rally Reaches its Record
Gold futures contract reached their record again on Wednesday as investors turned their focus toward safe haven status of gold in reaction to sluggish global economy. Â Moreover, the decision of US Federal Reserve to keep interest rate at its lowest also boosted gold prices. Precious metals analysts, Jim Steel from HSBC in New York commented, […]
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