Talking Points Crude Oil Poised to Follow Stocks Higher Amid Recovery in Risk Appetite Gold May Fall Despite Dollar Weakness as FOMC Minutes Weigh on QE3 Bets WTI Crude Oil (NY Close): $98.83 // -0.82 // -0.82% Prices are probing above the $100/barrel figure in Europe as a recovery in risk appetite that began in [...]
THE SPOT MARKET gold price climbed to $1736 an ounce in early London trading – 3.1% above Tuesday’s low – before falling back a bit, while European stock makrets halted recent steep declines but failed to stage a convincing rally following news that Greece’s prime minister had been summoned to France to explain himself after [...]
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 [...]
A late-hour rebound for gold futures fizzles, and the metal ends a dollar lower as investors wait to hear from monetary-policy officials and their likely monetary-easing steps. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures were lower in electronic trading Wednesday, after a brief turn higher and crude-oil prices added to losses after the Federal Reserve announced, as expected, that it will sell $400 billion worth of short-maturity bonds it holds and reinvest in longer maturity bonds. Gold for December delivery was down $4.70 [...]
Gold futures turned around with one hour to go before the Federal Open Market Committee’s announcement on monetary policy and likely on monetary easing steps. Originally from MarketWatch
Gold futures traded lower as the U.S. dollar strengthens, garnering investor attention ahead of the Federal Open Market Committee’s announcement on monetary policy. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Canadian stocks headed south on Wednesday as investors awaited the Federal Reserve’s monetary policy decision. The S&P/TSX Composite Index fell 0.3% to 12,170.39. All sectors traded lower, led by gold miners which slumped 3.4%. Industrial stocks were also sharply down, sliding 1.8%. The Federal Open Market Committee will wind up a [...]
Gold futures fall back below $1,800 an ounce as the U.S. dollar strengthens, garnering investor attention ahead of the Federal Open Market Committee’s announcement on monetary policy. Originally from MarketWatch
NEW YORK (MarketWatch) — Gold and crude-oil futures fell early Wednesday as a stronger dollar and caution ahead of the U.S. Federal reserve’s policy decision subdued investor appetite for the commodities. Pulling back from the previous day’s advances, October crude-oil futures dropped 98 cents, or 1.1%, to $85.94 a barrel, while gold for delivery in [...]
Comex gold and silver futures prices rallied sharply and moved to daily highs in afternoon trading in the wake of a bullishly construed statement from the Federal Reserve. June gold hit a new all time record high of $1 524.20 an ounce. The U.S. dollar index weakened and fell to its daily low hitting a [...]
Gold has been hurt lately by rate hikes in nations such as China and Thailand said Mike Daly gold and silver specialist with PFGBest. And there are expectations that India could do the same on Tuesday. However Daly pointed out these moves are in response to worries about inflation. Originally from Commodity Online Bullion News
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