logo

Commodities

Share

Gold futures were lower Monday morning ahead of a trio of U.S. economic reports. Gold was down $9.20 at $1329 an ounce, extending last week's decline. On the economic front, the Chicago Fed National Activity Index for March will be issued at 8.30 am ET. The consensus is for 0.29, down from 0.88...

Crude oil futures were lower Monday morning despite hopes that OPEC's output cuts have offset the U.S. shale boom. WTI light sweet oil for June was down 71 cents to $67.69 a barrel on the first day as the front-month contract. UAE oil minister was on CNBC bragging that the cartel has a "noble...

Gold futures fell Friday to post a weekly loss. June gold settled at $1,338.30/oz, down $10.50, or 0.8%. Prices were down 0.7% for the week. Analysts say the likelihood of three more Federal Reserve rate hikes this year has dented gold prices, particularly in light of this week's hawkish Beige Book.

Crude oil futures fell Friday after President Donald Trump blasted OPEC for trying to artificially boost prices. "Looks like OPEC is at it again," he wrote. "With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will...

Gold futures were slightly lower for second day Friday in the absence of first-tier U.S. economic data. Gold was down $4.30 at $1345 an ounce, trimming modest weekly gains. In the euro zone, data released by Destatis showed Germany's producer price inflation to have risen to 1.9 percent in March...

Crude oil futures pulled back Thursday after hitting multi-year highs, even as OPEC bragged that the global oil glut is all but gone. Reuters reports that OPEC officials claim their supply quota plan with Russia has had the intended effect of re-balancing the global oil market. Still, the cartel...

Gold prices edged lower Thursday, ending a modest win streak amid confidence in the U.S. and global economy. June gold fell $4.70, or 0.4%, to settle at $1,348.80/oz. The index of leading U.S. economic indicators increased in line with economist estimates in the month of March. The Conference...

Gold prices were lower Thursday, trimming gains from earlier in the week. Traders considered data showing U.S. jobless claims stayed at a 45-year low, Initial jobless claims dipped 1,000 to 232,000 in the week ended April 21, in line with forecasts. Strength in the jobs sector and rising inflation...

Crude oil has surged to its highest in almost 4 years, approaching $70 a barrel ahead of a crucial meeting between OPEC and Russia. The cartel and the Kremlin are expected to extend their supply quota plan in an effort to push prices even higher. All parties are looking to offset the U.S. shale boom...

Crude oil futures continued to rise Wednesday, surging to their highest since December 2014 after U.S. oil inventories dwindled. Analysts say the global oil market has re-balanced, meaning the world's supply glut has all but evaporated due to OPEC's output reductions. May WTI oil climbed $1.95,...

Gold futures rose to their highest in a week Wednesday, as wobbly stocks preserved the precious metal's safe have appeal. June gold settled at $1,353.50/oz, up $4, or 0.3%, the highest since April 11. This was before the 2 pm ET release of the Federal Reserve's Beige Book. Business owners are...

Gold futures rose Wednesday morning even as U.S. stocks were set to extend yesteday's gains. Gold was up $6 at $1356 an ounce, having seen relatively little movement since January despite extremely volatile stocks. At 2 pm ET, the Federal Reserve is due to release its Beige Book, a compilation...

Crude oil futures surged back to 3-year highs after an industry report showed a significant drop in U.S. oil inventories. WTI light sweet oil was up 1 dollar at $67.53 a barrel. The American Petroleum Institute (API) reported a draw of 1.047 million barrels of United States crude oil inventories...

Crude oil futures were up slightly Tuesday as traders weighed a slew of economic data and comments from OPEC officials. Prices were steady after yesterday's decline from 3-year highs. May WTI oil climbed by 30 cents, or 0.5%, to settle at $66.52/bbl. Oil minister from Oman have called on OPEC...

Gold prices were flat Tuesday after data showed housing starts rebounded in the month of March. June gold fell $1.20, or just under 0.1%, to settle at $1,349.50/oz. The Commerce Department said housing starts jumped by 1.9 percent to an annual rate of 1.319 million in March after tumbling by 3.3...

Follow RTT