Gold rises higher while the price of oil drops

Published: 4 April, 2014 13:38

Trade gold - price increasePeople often turn to gold as a safe haven in times of economic turmoil, and recent developments have caused a spike in the price of this perennially popular commodity.

On Friday, a low US Non-Farm Payroll number and a flat unemployment rate caused stock prices to plummet, with the S&P 500, the Dow Jones and the Nasdaq 100 all taking a hit.

It appeared that people were taking refuge in gold, which saw its price rise above the $1,300 round figure.
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Ukrainian Crisis Unsettles Commodities

Published: 21 March, 2014 15:16

Flag on barricade in UkraineCurrent unrest in the Ukrainian – or Russian? – province of Crimea continues to reverberate around the commodity markets.

The global oil benchmark, Brent crude, has seen its price tumble throughout the week after opening above $108 following the Crimean secession vote.

By Thursday it had lost nearly three dollars, although the US WTI price has risen. Such moves appear to be driven by US calls to release oil to the markets to sidestep Russian supplies.

With the UK government also urging its European neighbours to cut energy imports from the East, energy is trading more on policy moves than fundamentals, something that agile online traders may be able to turn to some advantage.
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Expensive to buy gold for Chinese investors

Published: 28 February, 2014 16:53

Chinese gold investorsA sizable portion of this week’s news in regards to commodity trading places the spotlight on the near steady trading prices of gold.

The reason that we have not witnessed much of an uptrend has much to do with the weaker yuan. In comparison to the dollar, the yuan has been seen to be trading a much lower values than in the recent past.

As this will widen the margins between the Chinese currency and the dollar, gold investments have taken a slight hit due to the higher cost for the Chinese investor.
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Oil prices plummet amid high US Supplies and easing tensions in the Middle East

Published: 6 November, 2013 15:59

Price of oil and gold forecastLast month saw the price of crude go up to a little over £70 per barrel amid concerns over the possibility of war breaking out in Syria. However, easing tensions in the region, thanks to significant diplomatic strides being made on Syria’s chemical weapons and Iran’s nuclear program, along with high US supplies have led to the price of crude plummeting to slightly over £58 per barrel.

The declining geopolitical risk in the Middle East has played a significant role in the fall of the price of crude oil. The likelihood of Iranian oil flowing back into the market has increased significantly as the country’s leaders declared they want to come to an agreement quickly with the major powers regarding their nuclear program.
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Why has oil hit a four month low?

Published: 22 October, 2013 15:25

Oil prices have dominated many of the headlines in recent commodity trading news. On October 22nd, it had been seen that recent futures have closed near four-month lows.

This has much to do with rising crude supplies within the United States. While such an event was foreseen, recent non-farm payroll data seemed to slightly hint at a brief contraction in domestic industries throughout the country.

Thus, some analysts have curtailed their predictions for oil consumption in the winter months. Although there is indeed a higher amount of oil on the open market than there is demand, some online investors may view this as a time to purchase; assuming that consumption will increase in the northern hemisphere as winter approaches.
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Good news for gold, and why oil traders should get worried

Published: 20 September, 2013 15:27


Throughout the centuries, items have been exchanged for other items or currency. Today, people can trade in either currencies or commodities. Commodities are things that are generally accepted to be of value, have consistent levels of quality, and are mass-produced across the world. These items vary from crops such as wheat to minerals such as gold.
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Gold margins getting squeezed

Published: 26 June, 2013 11:30

Gold margins decreasing June 2013
Barrick Gold Corp. announced this week that it will lay off approximately a third of its corporate staff in Toronto, which follows the news earlier in the month that Newmont Mining Corp. will divest a similar proportion of its 750-strong Colorado workforce.

Clearly, the gold miners are having their margins squeezed, and future production will likely wane if the commodity continues to fall in price.

In tandem with reduced output, gold producers are also less likely to sell forward in order to hedge exposure, thus reducing at least one source of future selling pressure.
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Key trading figures to be released from US department of Energy

Published: 12 June, 2013 11:42

Trade commodity online with bear and bull trade signalsIn the latest round of commodity news, both oil and natural gas futures are forecast to trade throughout the day with a notable amount of volatility while trending towards a moderately bearish outlook.

This is partially caused by the June 11th release that showed a rise in WTI inventories. This is naturally coupled with fears of a stagnation in economic growth in China and the continuing sluggish situation in the European economy.
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Learn why the Oil Prices Set to Fall

Published: 3 June, 2013 13:12

Drilling for oilThe buzz from trading analysts is that world oil prices are set to fall thanks to oversupply caused by North American shales, excess inventory and a failure by the Organization of Petroleum Exporting Countries (OPEC) to cut production at its meeting last week.

Although the large, frackable oil deposit finds in Canada and the United States have met with both transportation difficulties and environmentalist opposition, they still raise fears of a coming glut in the world oil market. Meanwhile, the United States, consumer of a healthy percentage of the world’s petroleum products, already has an excess of oil inventory.
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Oil rally related to Middle East conflicts

Published: 8 May, 2013 11:08

Oil rally in the Middle East conflictIn the latest trading news for commodities, crude oil has continued its rally as tensions continue to mount in the Middle East. With no end in sight in the conflict in Syria and as rumours of chemical weapons crimes continue to mount, trading analysts are beginning to speculate whether western powers may eventually be forced to intervene.

Although the geopolitical situation in the Middle East has caused oil to post gains of 6% in the last three trading sessions, any substantial rise has been dampened by the United States’ domestic market.
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