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Crude oil prices plunged Thursday to their lowest since 2003, as multiple agencies are predicting diminished demand and surging production for the rest of the year. March West Texas Intermediate crude lost $1.24, or 4.5%, to settle at $26.21 a barrel on the New York Mercantile Exchange. Earlier...

Gold prices surged to their highest in a year Thursday, fueled by plunging stocks and deepening anxiety about the health of the global economy. The collapse in oil prices has raised concerns that major energy companies may not survive a prolonged downturn. With traders desperate for a safe haven,...

Gold futures surged to their highest in nine months Thursday morning amid renewed speculation the Federal Reserve will keep ultra-low interest rates for most of the year. Plunging stocks and oil prices are fueling safe haven demand for the precious metal. Gold for April was up 41 dollars at $1237...

Crude oil prices tumbled Thursday morning, extending recent losses in spite of a weaker dollar and unexpected decline in U.S. inventories. Prices have accelerated lower since Federal Reserve Chair Janet Yellen's cautious tone on economic growth exacerbated demand fears yesterday. Crude oil for...

Gold futures fell for the first day in six Wednesday, as traders took profts despite dovish comments from Federal Reserve Chair Janet Yellen. Financial conditions "have become less supportive to growth" in the U.S. economy, therefore the Fed will continue to assess incoming data before further rate...

Crude oil prices nudged higher Wednesday, trimming steep recent losses amid speculation that OPEC and Russia may finally curb production. WTI crude oil for March was up 46 cents at $28.44 a barrel, near its lowest in 12 years. Analysts say a prolonged period of sub-$30 oil will bankrupt many of...

Gold prices turned lower Wednesday morning, falling from multi-month highs ahead of crucial testimony from Federal Reserve Chair Janet Yellen. Yellen is scheduled to appear before a Congressional committee today, where she will likely address signs that the U.S. economy is susceptible to the global...

Crude oil prices continued to collapse Tuesday amid expectations that global demand for energy products will dwindle this year. The IEA said its global oil demand growth is forecast to ease back considerably in 2016, to 1.2 mb/d, pulled down by notable slowdowns in Europe, China and the United States. Meanwhile,...

Gold futures rose slightly Tuesday for a fifth straight day of gains, as traders looked ahead to testimony from Federal Reserve Chair Janet Yellen. Yellen will be grilled on Capitol Hill about the condition of the US economy and outlook for interest rates. Gold prices have surged to the highest...

Gold prices were flat Tuesday after surging to 7-month highs in the previous session. The precious metal is in demand due to its safe haven appeal. Plunging stocks and low oil prices have spooked investors in 2016. Gold for April was down 2 dollars at $1196 an ounce. The Commerce Department...

Crude oil prices rose Tuesday morning, trimming steep losses from the previous two sessions despite ongoing worries about the global economy. Crude oil futures for March delivery were up 20 cents at $29.90 a barrel, staying away from January's 12-year lows. Prices touched their lowest since January...

Crude oil prices tumbled Monday amid lingering doubts about the health of the global economy. A global supply glut is also weighing on prices. Iranian oil is coming to market while OPEC is refusing to curb production. Crude oil for March was down 1 dollar at $29.89 a barrel, moving back near 12-year...

Gold futures Monday surged to their highest since June as stocks plunged on concerns about corporate earnings. The precious metal is among the few assets gaining value, bolstered by its safe haven appeal. Gold for April skyrocketed $40 to $1197 an ounce, extending strong recent gains. The...

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...

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