U.S. crude oil pared early losses but ended lower for a third straight session Friday, on demand growth concerns after some weak manufacturing data out of China yesterday, even as investors mulled over prospects of the U.S. Federal Reserve scaling down its quantitative easing program in the coming months....
Gold futures settled lower Friday, on some upbeat data from the U.S. with durable goods orders rebounding more than anticipated in April. The downturn in gold prices comes ahead of an extended weekend despite the dollar turning weak against some major currencies and declining global equity markets. For...
The price of crude oil continued to move lower Friday morning amid concerns over demand growth after China yesterday reported weak manufacturing growth.
Light Sweet Crude Oil (WTI) futures for July delivery, shed $0.80 to $93.45 a barrel. Yesterday oil settled marginally lower after some weak manufacturing...
The price of gold was ticking lower Friday morning amid a mixed US dollar as traders await fresh triggers.
Gold for June delivery, the most actively traded contract, slipped $5.60 to $1,386.20 an ounce. Yesterday, gold rose nearly 2 percent tracking declining global equity markets with the dollar...
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...