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 [...]
SAN FRANCISCO (MarketWatch) — Gold futures added to their record levels in electronic trading Tuesday as the possibility of additional financial stimulus sent more buyers to the metal, considered a top storer of health in an inflationary environment. Gold for August delivery added $4.60, or 0.3%, to trade at $1,567.40 an ounce in electronic trading [...]
SAN FRANCISCO (MarketWatch) — Oil futures pared their advance and gold in electronic trading dipped further into the red Wednesday after minutes from the latest U.S. Federal Reserve meeting showed officials confident that the economy was on firmer footing at their January meeting and some officials wondered whether the Fed’s bond-purchase plan could be scaled [...]
Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures showed little reaction to the release of the Federal Open Market Committee minutes on Tuesday. Prices tipped higher after the release but quickly resumed their earlier levels. Crude for January delivery declined 40 cents, or 0.5%, to $81.36 a barrel on the New York Mercantile Exchange. Gold in electronic [...]
Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures on Tuesday trimmed their losses as the dollar weakened after the release of minutes from the Federal Reserve’s last interest-rate meeting. Gold futures, trading electronically after floor settlement, turned positive. Oil for November delivery retreated 7 cents to $82.10 a barrel; prices had lost more than 10 cents before [...]
The US QE debate continues to drive asset prices – specifically Gold up and USD down. While the recent discord has revolved around the size of the Fed’s potential stimulus spurred by the disappointing ADP figures, we are hearing more dissenting opinions which are bringing a level of sanity to earlier predictions. The Kansas City [...]
Originally from MarketWatch
Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures made a fresh attempt at gains Tuesday afternoon after minutes from the latest Federal Reserve interest-rate meeting, released at 2 p.m. Eastern, showed officials watching the economy for signs of whether to tweak their pledge to keep rates very low for a “extended period.” Some warned against an early [...]
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