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Crude oil futures eased a bit Friday after cracking the key $50 a barrel mark in the previous session. Traders were locking in profits ahead of a crucial OPEC meeting next week. A stronger U.S. dollar and expectations that Canadian oil sands production will be ramping up also kept crude oil in...

Gold prices continued to fall Friday, losing ground every day this week on epectations of a U.S. rate hike in June or July. The Federal Reserve should raise interest this summer if the economy continues to improve, Fed Chair Janet Yellen said Friday afternoon. "I think for the Fed to gradually...

God futures were flat Friday ahead of a highly anticipated speech from Federal Reserve Chair Janet Yellen. Yellen is expected to echo recent remarks from Fed officials indicating a willingness to raise interest rates this summer, perhaps as soon as the upcoming June meeting. Gold for July was down...

Crude oil futures turned lower Friday after briefly cracking $50 in the previous session. Investors locked in recent gains ahead of a crucial OPEC meeting on June 2. The cartel is expected to hammer out a plan to freeze output, but certain OPEC producers may be eager to ramp up production given...

Crude oil futures moved lower Thursday after briefly topping the $50 a barrel mark. Traders were compelled to book some profits after crude oil's rapid weekly advance. July WTI oil settles at $49.48/bbl, down 8 cents, or 0.2%. Earlier in the day, oil topped out at $50.21, the highest since last...

Gold futures continued to fall Thursday, hitting their lowest in 7 weeks on expectations the Federal Reserve will raise interest rates in June or July. Fed. Gov. Jerome Powell this morning joined the chorus of Fed officials talking about tightening in the near term. "If incoming data continue to...

Gold futures inched higher Thursday, trimming recent losses as traders saw a buying opportunity. Silver's rally was more pronounced this morning after outsized losses over the past few weeks. August gold was up $4 at $1230 an ounce, while silver jumped 22 cents to $16.50 an ounce. Expectations...

Crude oil futures jumped above $50 for the first time since last October, breaking through key psychological resistance on expectations the global supply glut will dwindle. Crude oil for July was up 50 cents at $50.06 a barrel, adding to this week's strong advance. A larger-than-expected weekly...

Crude oil futures surged near the psychologically important $50 a barrel mark Wednesday, as official data confirmed a significant draw down in U.S. oil inventories. The U.S. Energy Information Administration reported that U.S. crude supplies fell 4.2 million barrels for the week ended May 20. July...

Gold futures dropped for a sixth straight session Wednesday, stung by bouyant stocks and the prospect of rate hikes from the Federal Reserve. Fed officials are now talking two or three rate hikes by year's end amid confidence in the U.S. economy. With gold's safe haven and inflation-hedge appeal...

Gold futures were lower yet again Wednesday morning on signs the Federal Reserve is about to raise interest rates. A number of Fed speakers have indicated a preference to tighten this summer, denting gold's appeal as a hedge against inflation. Economists say its 50/50 whether the Fed will raise...

Crude oil futures surged near $50 a barrel Wednesday morning ahead of data that may confirm a large drawdown in U.S. oil inventories. The American Petroleum Institute said late Tuesday that its data for last week showed a 5.1-million-barrel decrease in crude supplies, a drop nearly twice as large...

Crude oil futures nudged higher for the first time in a week Tuesday amid expectations of a build in U.S. weekly oil inventories. The American Petroleum Institute will release its weekly survey this afternoon, while the Energy Information Administration comes out with data tomorrow. Analysts say...

Gold futures fell for a fifth straight session Tuesday as strong U.S. housing data cemented expectations of an interest rate hike this summer. Gold for June delivery fell $22.30, or 1.8%, to settle at $1,229.20 an ounce, the lowest in weeks. A report this morning showed a substantial rebound in...

Gold prices continued to fall Tuesday morning amid mounting speculation the Federal Reserve will raise interest rates this summer and again later this year. San Francisco Fed President John Williams even sees the potention for three rate hikes in 2016 as the US economy improves and inflation picks...

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