U.S. crude oil pared much of the early losses but still ended a tad lower for a second straight day Thursday, after some weak manufacturing data out of China renewed fears of demand growth concerns. Nevertheless, oil prices rallied on some upbeat macroeconomic data out of the U.S. with initial jobless...
Gold futures settled sharply higher Thursday, tracking declining global equity markets with the dollar turning weak against some major currencies after the U.S. Federal Reserve Chairman Ben Bernanke yesterday indicated the central bank would likely cut down its quantitative easing program in the near...
The price of crude oil moved down Thursday morning as weak manufacturing data out of China renewed worries over demand growth.
The flash HSBC Purchasing Managers' Index in China for May slipped under the 50-point level, indicating contraction for the first time in eight months.
Light Sweet Crude...
The price of gold rebounded near $,1400 Thursday morning, with the US dollar paring recent gains versus a basket of currencies after Federal Reserve Chairman Ben Bernanke's remarks were seen as supportive of leaving the monetary policy unchanged.
Gold for June delivery, the most actively traded contract,...
U.S. crude oil snapped a four-day gain to end sharply lower Wednesday, after a weekly oil report from the Energy Information Administration showed crude stockpiles to have dropped lesser than expected, while gasoline stocks rose more than expected. Oil prices also impacted after the U.S. Federal Reserve...
Gold futures settled lower for a second straight day Wednesday, as investors weighed the U.S. Federal Reserve Chairman Ben Bernanke's testimony before the Congress that the central bank would likely go slow on its quantitative easing program soon.
Bernanke's remarks were seen as supportive of leaving...
Crude oil inventories in the U.S. edged down during the week ended May 17, official data showed Wednesday.
The U.S. Energy Information Administration in its weekly crude oil report said U.S. commercial crude oil inventories decreased by 0.30 million barrels to 394.60 million barrels last week, but...
The price of crude oil was moving lower Wednesday morning as traders await cues from the official inventories data, due out later today during the session.
Light Sweet Crude Oil (WTI) futures for July delivery, the most actively traded contract, slipped $0.61 to $95.57 a barrel. Yesterday, oil settled...
The price of gold was moving higher Wednesday morning, supported by physical demand as the yellow metal dived to a fresh two-year low last week.
Gold for June delivery, the most actively traded contract, edged up $7.10 to $1,384.70 an ounce. Yesterday, gold settled lower with the US dollar strengthening...
U.S. crude oil snapped a four-day winning streak to end lower Tuesday, ahead of the Federal Open Market Committee policy meet outcome, even as the dollar strengthened against a basket of major currencies. Investor focus was also centered on the upcoming weekly U.S. crude stockpile report which is expected...
Gold futures settled lower Monday, with investors awaiting cues from the Federal Open Market Committee policy meet on the central bank's future policy on its quantitative easing program, even as the dollar strengthened against a basket of major currencies.
The outcome of the Federal Reserve meeting...
U.S. crude oil ended settled higher for a fourth straight session Monday, ahead of the Federal Open Market Committee meet outcome, tracking rising global equity markets after the dollar weakened against a basket of major currencies.
The Federal Reserve policy meet outcome later this week is expected...
Gold futures snapped a seven-day losing streak to settle smartly higher Monday, mostly on profit taking ahead of the Federal Open Market Committee meet, even as the dollar weakened against a basket of major currencies. The rebound came after the precious metal plunged as low as $1,336.30 an ounce intraday.
The...
The price of crude oil was slipping Monday morning as traders await cues from this week's economic data from the U.S. and China, the world's two largest economies, and comments by the Federal Reserve chairman..
Light Sweet Crude Oil (WTI) futures for July delivery, the most actively traded contract,...
The price of gold dipped to a fresh two-year low Monday morning amid a generally steady US dollar.
Gold for June delivery, the most actively traded contract, lost $15.10 to $1,349.60 an ounce. Last week, gold dived 5 percent after San Francisco Federal Reserve President John Williams indicated that...