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Gold futures were little changed Tuesday amid surprisingly upbeat economic news. August gold fell $2.20, or 0.2%, to settle at $1,252.10/oz, easing from a 6-week peak. Traders moved to the sidelines ahead of the Federal Reserve's monetary policy announcement tomorrow afternoon. The Fed is not likely...

Crude oil futures surged Tuesday to the highest in six months, as OPEC vowed to re-balance oil markets even if it takes supply quotas through 2018. Saudi Arabia announced it would cut August exports to 6.6 million barrels a day, while Nigeria will be compelled to join the supply quota plan after having...

Crude oil futures rose Tuesday after OPEC said global demand is rising just as supplies are being reduced. At a meeting in Russia, Saudi Arabia confirmed it would restrict its exports to support global balance, while Russia insists it will continue its participation in the supply quota plan perhaps...

Gold futures were flat Tuesday morning as the Federal Reserve gathered for a two-day monetary policy meeting. The Fed is not likely to raise interest rates but may detail plans to trim its $4.2 trillion balance sheet. Gold was down $3 at $1256 an ounce, trimming recent gains. The precious metal...

Crude oil futures tumbled Friday, giving back strong gains from earlier in the week amid concerns that next week's OPEC meeting will fail to address the global supply glut. Sept. WTI oil settles at $45.77/bbl, down $1.15, or 2.5%, on Nymex. Prices were down 2.1% for the week, tumbling from a 6-week...

Gold futures continued to rise Friday, extending weekly gains as stocks languished. With risk aversion picking up, gold has jumped to highest in more than a month due to its safe haven appeal August gold climbed $9.40, or 0.8%, to settle at $1,254.90/oz, having picked up 2% this week. Silver has also...

Crude oil futures fell Friday morning ahead of a closely-watched OPEC meeting and the U.S. rig count. OPEC and certain non-OPEC nations like Russia will meet in Moscow Monday to discuss their supply quota plan. Reports suggest Saudi Arabia will insist on compliance from Libya and Nigeria who have...

Gold futures rose further Friday morning on what should be one of the more uneventful days of the summer. With no first-tier economic data on tap, traders will be paying attention to the stock market. A run to record highs for the Nasdaq is in jeopardy, stock futures indicate. Gold was up $2 at...

Crude oil futures inched lower Thursday, trimming recent gains despite signs that U.S. production is slowing. The EIA reported a significant decline in oil inventories yesterday, driving crude oil above $47 a barrel to 6-week high. On the final day of the August contract, WTI oil was down 33 cents,...

Gold nudged higher Thursday amid reports saying the the European Central Bank may not make a decision on the future of its bond-buying program until October. As expected this morning, the ECB left its key interest rate unchanged. The ECB still plans to buy 60 billion euros of government bonds and...

Crude oil futures continued to rise Thursday morning, extending 6-week highs on signs that Saudi Arabia will compel Libya and Nigeria to cut production. The two African nations have been exempt from OPEC's supply quota plan until now. Robust production, particularly from Libya, has helped to offset...

Gold futures were flat Thursday morning as the European Central Bank left its key interest rate unchanged. The ECB still plans to buy 60 billion euros of government bonds and other assets each month through December, "or beyond, if necessary." Markets await the press conference held by ECB President...

Crude oil futures continued to rise Wednesday, surging above $47 after a surprisingly large drop in U.S. oil inventories. Domestic crude supplies fell by 4.7 million barrels for the week ended July 14, the Energy Information Administration said today. This was a huge shock considering industry...

Gold futures barely budged Wednesday as U.S. housing starts rebounded by more than expected in the month of June. At last check, gold was unchanged at $1242 an ounce, holding recent gains in quiet dealing. The Commerce Department said housing starts surged up by 8.3 percent to an annual rate of...

Crude oil futures were slightly higher Wednesday, clinging to recent gains despite industry data showing a surprise build in U.S. oil inventories. U.S. crude stockpiles rose last week, but gasoline and distillate inventories decreased, data from the American Petroleum Institute revealed last night. The...

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