It’s that time of year again and I’m not talking about the holiday season… What I am talking about is another major market correction which has been starting to unfold over the past couple weeks. I have a much different outlook on the markets than everyone else and likely you as well. However, before you [...]
One of the head scratchers about Wednesday’s trading was that oil and gold were falling so steeply, easily outpacing the decline in stocks. Natixis credit-markets strategist Abdullah Karatash offers this explainer (among others) for the drop in currencies and commodities “on a day with otherwise light trading volumes”. Originally from MarketWatch
Canadian stocks fell sharply Wednesday as commodities prices plunged, triggering a selloff of mining, materials and energy stocks. Originally from MarketWatch
Canadian stocks fell sharply Wednesday as commodities prices plunged, triggering a selloff of mining, materials and energy stocks. Originally from MarketWatch
SAN FRANCISCO (MarketWatch)– Crude-oil futures trimmed their advance Tuesday after the U.S. Federal Reserve sounded a tad more upbeat on the economic outlook but warned the unemployment rate is still a sore point. Oil for January delivery , which traded above $100 before the policy statement, recently traded $2.14 higher at $99.90 a barrel on [...]
Talking Points Crude Oil Looks to EU Summit Outcome to Shape Outlook Gold Looks to US Dollar as Conduit for Sentiment Trends WTI Crude Oil (NY Close): $98.34 // -2.15 // -2.14% Crude prices tumbled yesterday after ECB President Mario Draghi set off an aggressive selloff across the spectrum of risky assets by saying the [...]
Originally from MarketWatch
Gold is trading at USD 1,740.10, EUR 1,295.90, GBP 1,114.30, CHF 1,604.5, JPY 135,900 and AUD 1,700.4 per ounce. Gold’s London AM fix this morning was USD 1,744, GBP 1,114.88, and EUR 1,296.08 per ounce. Friday’s AM fix was USD 1,751.00, GBP 1,116.50, and EUR 1,298.29 per ounce. Originally from The Market Oracle
SAN FRANCISCO (MarketWatch) — Gold futures fell and crude-oil prices topped $102 a barrel Monday on optimism that European Union leaders will be able to come up with a resolution to the euro-zone sovereign debt crisis. Gold for February delivery was down $8.10, or 0.5%, at $1,743.20 an ounce on the Comex division of the [...]
NEW YORK (MarketWatch) — Gold and oil futures rose about 1% early Friday, ahead of a report on November U.S. jobs growth, in line with rising equities as investors embraced calls by European leaders toward a stronger fiscal union. Oil for January delivery was up 92 cents, or 0.9%, to $101.12 a barrel in electronic [...]
NEW YORK (MarketWatch) — Gold and oil futures held onto gains Friday after the U.S. Labor Department said the economy in November gained 120,000 jobs, slightly less than a MarketWatch economist poll anticipating 125,000. But the unemployment rate fell to 8.6% from 9%. Gold for February delivery , the most active contract, added $19, or [...]
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