Posts Tagged ‘NYMEX’
Gold and Oil News - June 20, 2011 9:08
Gold Gained On Friday as Euro Settles Down
Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June. Gold futures contract for August delivery […]
Oil Futures Move up on Thursday after the Record Drop a Day Earlier
Crude oil futures gained on Thursday after declining by 5 percent on Wednesday’s session. The crude oil futures contract for July delivery surged 0.2 percent of $0.14 to $94.95 per barrel on New York Mercantile Exchange. Many analysts believe that crude oil has found support at these levels. In the news Greece’s debt situation and […]
Gold and Silver Contracts Gain on Declining Dollar
Base metals including gold and silver futures contracts moved in a bullish rally on Friday as the US dollar declined over escalating political unrest in Middle East and North Africa. Investors were also uncertain about the sovereign debt in the euro zone region. Vice president George Gero from RBC Wealth Management commented on the raising […]
Base Metals Jump up on Euro Zone’s Debt Concerns
Gold Futures gained on Wednesday’s trading session as the US dollar rebounded after reaching its highs making base metals attractive for investors. Silver futures contract also jumped 3 percent in today’s rally. Gold futures contract for June delivery gained 0.40 percent or $5.50 to $1,528.80 per ounce in Comex trading session of New York Mercantile […]
Crude Oil Futures Gain on the Positive US Economic Data
Crude oil futures moved with bullish sentiments on Thursday on positive US economic data and weakening greenback. Crude oil futures for June delivery gained 0.8 percent or $0.76 to $98.97 per barrel on New York Mercantile exchange. The contract earlier jumped up to $100 per barrel. Energy broker Jay Levine from Energay LLC commented, You […]
Base Metals Decline as the Greenback Strengthens
Base metals remained under pressure on Wednesday as traders were uncertain over sovereign debt situation of Greece which resulted in weakening of the 17-nations shared currency. Gold futures contract for June delivery dropped 1 percent or $15.50 to $1,501.40 per ounce on Comex trading session of New York Mercantile Exchange. Silver futures contract for July […]
Crude Oil Futures Declines as CME Group Raises Trading Limits
Selling pressure was seen in trading of crude oil futures as CME Group raised trading limits for several energy contracts after halting the trading session in New York. The sudden step by CME Group was taken in reaction to increase in US oil stockpiles. Crude oil futures contract for June delivery plunged to $97.50 per […]
Crude Oil Falls below $112 per barrel
Crude oil futures remained under selling pressure on Monday as many experts thought that the correction was overdue. Crude oil futures contract for June delivery dropped 0.7 percent or $0.72 to $111.49 per barrel at New York Mercantile Exchange on Monday as compared to $113.48 per barrel on prior trading session. Crude oil has gained […]
FTSE Falls on Bearish Sentiments at Mining Sector
FTSE 100 index declined below 6,000 levels on Tuesday as all the mining sector stood in red zone. Despite negative sentiments at London Stock Exchange stocks in travel, healthcare and defense industry posted high capital gains. The FTSE 100 index declined 1 percent to 5,994.12 on Tuesday’s midday trading. Other European stock markets indexes such […]
Gold Futures Move in Bullish Rally for Third Consecutive Day
Gold futures remained bullish on Thursday and posted gains for three consecutive days. The gold future contract made its intraday record high in last 31 years. Â Uncertainty grew over the sovereign debt problems in Europe, moreover higher inflationary pressures made investors shift their focus towards the safe haven status of Gold. However many experts believe […]
Most Popular Content
- Pressure Mounts on the British Pound Following Autumn Budget
- Impact and Outlook for the U.S. Economy on Rate Cut
- Gold and Copper Markets Respond to Powell
- US Stock Market Faces Turbulence and Mixed Commodity Reactions
- Pound Holds Strong as Labour Wins with a Landslide
- Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge
- Strength in Gold and Copper Continues – But for How Long?
- Weak Payroll Data Sends Stocks Higher