The price of crude oil was moving lower Thursday morning after official data revealed inventory build up. However during the session, prices might find support as the Federal Open Market Committee raised its outlook on the U.S. economic recovery.
Light Sweet Crude Oil (WTI) futures for August delivery,...
The price of gold dived near a three-year low Thursday morning after the US Federal Reserve indicated it would slow the pace of bond purchases later this year.
Gold for August delivery, the most actively traded contract, lost $75.70 to $1,298.30 an ounce, levels not seen since September 2010.
Yesterday,...
U.S. crude oil settled lower Wednesday, after the Energy Information Administration's weekly oil report showed a better-than-expected increase in U.S. crude stockpiles last week. The decline in prices comes despite some upbeat economic outlook from Federal Reserve with the central bank announcing the...
Gold futures settled higher Wednesday, rebounding from a near four-week low yesterday, even as investor anxiety persisted over the the outcome of the two-day U.S. Federal Reserve's policy meet. With no major macroeconomic data available today, there were little catalysts to provide fresh direction for...
U.S. crude oil settled higher Tuesday, ahead of the weekly crude oil inventories report and on supply concerns stemming from the geopolitical tensions in the Middle East as violence continued unabated in Syria. Investors also viewed the possible outcome of the two-day U.S. Federal Reserve policy meet...
Gold futures plunged to end at a four-week low Tuesday, as investors continued to be apprehensive at the outcome of the two-day U.S. Federal Reserve's policy meet later this week which will decide the fate of the quantitative easing program. Investors also weighed in some mixed macroeconomic data out...
Gold futures were trading at a four-week low Tuesday, with investors focused on the outcome of the U.S. Federal Reserve policy meet, awaiting a decision on tapering down its quantitative easing program.
Gold for August delivery, the most actively traded contract, was sharply down by $17.10 or 1.24...
U.S. crude oil snapped a three-day gain to end lower Monday, after having trended higher for most of the day amid concerns over supply disruptions following geopolitical tensions in the Middle East, as violence escalated in Syria. The downtrend in oil prices seem to have stemmed from unconfirmed news...
Gold futures settled lower Monday, as investors await the outcome of the two-day Federal Reserve's policy meet later this week and on some upbeat macroeconomic data from the U.S. with homebuilder confidence surging and a positive New York manufacturing sector index for June.
In some positive economic...
The price of crude oil was moving higher Monday morning amid concerns over supply disruptions following geopolitical tensions in the middle-east region, as violence escalated in Syria.
Light Sweet Crude Oil (WTI) futures for July delivery, rose $0.61 to $98.46 a barrel. Last week, oil rose nearly...
The price of gold was little changed Monday morning, with the US dollar trading firm versus a basket of currencies ahead of the outcome of Federal Reserve's two-day meeting.
Gold for August delivery, the most actively traded contract, slipped $2.00 to $1.385.60 an ounce. Last week, gold settled marginally...
U.S. crude oil ended sharply higher for a third straight session Friday, with increased tensions in the Middle East fueling supply concerns after the U.S. administration indicated it would arm the Syrian rebels fighting President Bashar al-Assad's regime. Investors also digested news reports the Federal...
Gold futures settled higher Friday, on some soft macroeconomic data out of the U.S. with industrial production coming in unexpectedly flat in May and the consumer sentiment index deteriorating. Gold prices also found some support on news reports that the Federal Reserve would make efforts to quell concerns...
U.S. crude oil ended higher for a second straight session Thursday, on some better than expected weekly initial jobless claims and retail sales data out of the U.S. Nevertheless, investors continued to mull over the official Energy Information Administration weekly oil report yesterday, which indicated...
Gold futures snapped a two-day gain to end lower Thursday, on some upbeat, better than expected weekly initial jobless claims and May retail sales data from the U.S., fueling speculations the Federal Reserve could well cut back on its quantitative easing program sooner than expected.
Gold for August...