Entries Tagged ‘Crude’

Crude, gold retreat as Greek debt worries return

NEW YORK (MarketWatch) — Crude-oil and gold prices tumbled Tuesday as the U.S. dollar jumped and stock index futures pointed to another day of sharp losses on Wall Street, reflecting a forceful return of worries over Greece following the government’s call for a referendum on the euro zone debt deal. December futures for light, sweet [...]

Gold, crude-oil futures fall as dollar strengthens

SAN FRANCISCO (MarketWatch) — Gold futures fell by more than $25 an ounce and crude-oil prices traded 2% lower Monday, as strength in the U.S. dollar fueled broad losses among commodities. Gold for December delivery was down $28.10, or 1.6%, at $1,719.10 an ounce on the Comex division of the New York Mercantile Exchange and [...]

Crude eases back before European outcome, gold up

NEW YORK (MarketWatch) — Crude-oil futures pulled back early Wednesday after a strong recent rally as investors awaited the outcome of a European leaders’ summit to resolve the region’s debt crisis. Gold prices edged higher on safe-haven buying. Light, sweet crude-oil prices for December delivery slid 66 cents, or 0.7%, to $92.51 a barrel, after [...]

Crude Oil Looks To Stocks For Direction, Gold Locked In Familiar Range

Talking Points Crude Oil Tracks Choppy Risk Sentiment Trends Ahead of EU Summit Gold and Silver Driven by QE3 Expectations, US Dollar Price Action WTI Crude Oil (NY Close): $91.27 // 3.87 // 4.43% Crude oil remains anchored to broad-based risk sentiment trends, with the outlook clouded as European stock exchanges and S&P 500 stock [...]

Crude Oil Choppy Before EU Summit, Gold Weakness Likely To Continue

Talking Points Crude Oil Likely to Rise as Risk Appetite Recovers on Earnings, EU Bailout Gold Anchored to US Dollar’s Fortunes, May Gain if Risk Appetite Holds Up WTI Crude Oil (NY Close): $85.30 // -0.81 // -0.94% Crude oil remains firmly anchored to underlying risk appetite, showing a firm correlation with the S&P 500. [...]

Crude Oil, Gold Gains May Prove Fleeting As Risk Appetite Falters

Talking Points Crude Oil Following S&P 500 Higher After Strong US Retail Sales Report Gold, Silver Continue to See US Dollar as Risk Trends Transmission Conduit WTI Crude Oil (NY Close): $84.23 // -1.34 // -1.57% Crude oil remains anchored to broad-based risk sentiment trends, with prices continuing to show a strong correlation with the [...]

Crude rises as gold heads back toward $1,700/oz

NEW YORK (MarketWatch) — Crude-oil prices climbed early Wednesday as U.S. stock futures pointed to a strong opening on Wall Street and on optimism that the euro zone will be able to contain its debt crisis. Gold futures also advanced, supported by U.S. dollar against major currencies including the euro. Light, sweet crude futures for [...]

Gold, crude futures hold gains after payrolls data

NEW YORK (MarketWatch) — Gold futures climbed early Wednesday to recoup some of the previous session’s losses, holding on to gains after private-sector payrolls data posted a better-than-expected improvement. The precious metal’s futures for December delivery gained $9.80, or 0.6%, to $1,625.80 an ounce after falling more than $40 the previous day. Crude-oil for November [...]

Gold, crude-oil futures fall as dollar strengthens

SAN FRANCISCO (MarketWatch) — Gold futures fell by as much as $16 an ounce and crude-oil prices traded 2.5% lower Tuesday, pressured by strength in the U.S. dollar. Gold for December delivery was down $12 at $1,645.70 an ounce on the Comex division of the New York Mercantile Exchange. November crude oil traded at $75.64 [...]

Crude falls after data, gold edges up

NEW YORK (MarketWatch) — Crude oil futures fell 1.2% on Friday after the latest economic data on personal income and inflation, while gold maintained moved up. Oil futures for West Texas Intermediate crude for November delivery dropped $1.11 to $81.01 in recent trades. Gold futures rose $5.40 to $1,622.70. Originally from MarketWatch

Crude Oil, Gold Corrections Of Post-FOMC Losses Still Playing Out

Talking Points Crude Oil to Extend Gains as Risky Assets Continue to Rebound Gold Staging a Recovery but a Larger Selloff is Hinted Ahead WTI Crude Oil (NY Close): $80.24 // 0.39 // 0.49% Crude prices are sailing higher along with S&P 500 stock index futures ahead of the opening bell on Wall Street as [...]

Gold, silver drop more as crude reclaims $80/bbl

NEW YORK (MarketWatch) — Gold and silver futures fell further early Monday after the CME Group sharply raised margin requirements on the metals Friday, while crude-oil prices climbed on a weaker dollar to recoup some of last week’s hefty losses. The gold contract for delivery in December fell $11.10, or 0.7%, to $1.628.70 and silver [...]