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Crude oil prices tumbled Friday, extending weekly losses amid dwindling hopes for an OPEC production cut. Members of the cartel are hesitant to trim output as they fear losing market share, keeping crude oil prices near 12-year lows. Here in the US, Baker Hughes reported the seventh straight weekly...

Gold prices were little changed Friday, holding weekly gains after a mixed US jobs report sparked a sell-off on Wall Street. Gold for April was up 20 cents, or less than 0.1% higher, at $1,157.70 an ounce. The precious metal was up almost 4 percent for the week, bolstered by a weaker dollar and safe...

Gold futures were rising Friday morning as traders reacted to a crucial US jobs report. The U.S. created 151,000 new jobs in January, but the unemployment rate slipped to 4.9 percent. Analysts expected jobs growth of 190,000. Gold for April was up 5 dollars at $1163 an ounce, hitting a nearly...

Crude oil prices were slightly higher Friday morning as traders weighed a lackluster US jobs report and weakening dollar. The U.S. created 151,000 new jobs in January, but the unemployment rate slipped to 4.9 percent. WTI crude oil for March was up 27 cents at $32 a barrel, staying away from...

Obama-Oil-tax-020516.jpg As President Barack Obama runs the last lap of his second presidential term, he might be wading into muddled waters, although with a good motive. The President is reportedly considering a proposal to tax oil companies in order to fund green energy initiatives.

Gold futures continued to rise Thursday, as falling crude oil prices continued to spook jittery investors. Risk aversion has boosted the appetite for safe haven assets like gold, driving bullion prices to the highest since late October. April gold jumped to $1,157.50/oz on Comex, up $16.20, or...

Gold futures continued to rise Thursday morning, hitting fresh 3-month highs after the Bank of England stood pat on interest rates. A stronger dollar failed to halt gold's rise, as downbeat economic news from Europe boosted the safe haven appeal of the precious metal. Gold for April was up $7 to...

Crude oil prices rallied Wednesday, taking back steep losses from the previous two sessions as the dollar weakened. Traders ignored a Energy Department data showing a record US crude oil stockpiles. US oil for March was up $2.40, or 8.03%, at $32.28 a barrel, one of the biggest one-day gains in...

Gold futures jumped to their highest since late October on Wednesday, as falling stocks and oil prices generated demand for safe haven assets. April gold was up $14.10, or 1.3%, to settle at $1,141.30/oz on Comex, having outperformed most metals in 2016. Mixed economic data kept investors on edge. ADP...

Gold futures inched higher Wednesday morning, staying near 3-month highs from the previous session amid lingering worries about the global economy. Risk aversion has boosted demand for safe haven assets like gold and the US dollar. Stocks plunged yesterday along with oil prices, so gold jumped...

Crude oil prices crawled back above $30 a barrel Wednesday morning, helped by bargain hunting after big losses in the previous two sessions. Oil is likely to bounce back and forth around the the $30 mark unless OPEC decides to cut production. Hopes for a supply cut have dwindled as a rumored meeting...

Crude oil futures tumbled below $30 a barrel Tuesday amid renewed speculation that global oil inventories will continue to mount. Analysts say the recent talk of OPEC cutting supplies was premature. With many oil producers running out of cash, some may continue selling oil at a cheap price in order...

Gold futures were flat Tuesday, holding on to recent gains as stocks and oil prices plunged. Renewed concerns about the global economy spooked investors, boosting appetite for safe haven assets. There were few positive catalysts to help soothe skittish markets. Corporate earnings have been poor...

Gold prices were slightly lower Tuesday morning, trimminga fraction of strong recent gains on profit taking. Traders are getting more into cash amid signs of another significant drop in global stocks and other assets. Crude oil futures plunged back toward $30 a barrel this morning. Gold for...

Crude oil prices continued to fall Tuesday morning, with analysts saying that OPEC and others will not cut production anytime soon. Reports surfaced last week indicating that OPEC and Russia were going to meet to discuss gradual production cuts as a way to put a floor under prices. No deal materialized,...

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