Archive for the ‘Gold’ Category

Following what can only be called a massive downturn during the past year, futures in oil have failed to emerge from their continual slide. This is the fourth straight session of losses and many online commodity trading experts point to the questionable data out of China as the primary cause.

Should the second-largest economy in the world prove to be waning in terms of energy demands, oil may very well be in for a rough ride in the weeks and months ahead.
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A Golden Exodus?

The focus of online commodity trading news has centred around the events in China over the past few days. With the Shanghai Composite Index falling no less than 8.5% before slightly rebounding, investors in precious metals such as gold have been selling off some of their holdings in order to recuperate losses. As this metal has been performing considerably well over the past month, it only makes sense that such a liquidation occurred. However, some wonder as to whether or not online commodity traders will seek to buy back their holdings with the continued volatility of the markets. While China has announced that it is reducing its interest rates by 0.25%, some experts wonder if this will be sufficient to bolster their weakening economy. Thus, we may very well see a resurgence in gold prices as investors once again look for a traditional safe haven against the open markets. (more…)

The US investment bank Morgan Stanley is concerned that the gold price is in decline and that the price of gold could fall as low as 800 dollars per ounce. News agency Bloomberg writes in an article that the bank believes that the time of high prices for precious metals is over and that a new era will begin with less price stability. (more…)

Much of the recent online trading news has centred around the falls that both gold and oil have taken in recent weeks. For commodity investors, it seems that the bears have indeed taken the stage. Gold has fallen to less than $1,100 dollars an ounce; the first time that this level has been seen since March of 2010. From an even more drastic perspective, this signals that it is no less than 40 per cent below its all-time peak that was reached in August of 2011. As historically always occurs, this dip has been seen to reflect more positive economic data emerging from the United States. Additionally, Federal Reserve chairman Janet Yellen hinted that interest rates are likely to rise during the remainder of 2015. (more…)

A Balancing Act?

The online commodity trading community has been carefully following the prices of oil during the past few months and some analysts believe that a slight price rise may be set for the near future.

Recently, it has been shown that stocks of crude in the United States fell for a fourth week in a row.

This was the primary cause of the rise of front-month Brent to $62.50 dollars a barrel (a gain of 40 cents).

Information released by the Energy Information Administration highlighted the fact that reserves within the United States fell by nearly 2.8 million barrels.
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A New Form of Gold Trading

BitGold has had a cash injection of approximately $12 million from high profile capitalists such as Soros Brothers investments.

Bitgold is intending to introduce gold trading by setting up a platform which lets traders deal in gold. All dealers have to do is to open up an account which is a super quick process.

The trading account is constructed to work just like a standard PayPal account.
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A Waiting Game for Gold?

In recent online commodity trading news, caution still seems to be the name of the game in terms of gold.

Indeed, its prices have still remained sluggish during the past week; holding firm between $1,800 dollars and $2,000 dollars per ounce.

Despite disappointing data emerging from the United States, gold has not yet experienced a significant rally. Some have cited this rather dull performance as being a result of rising bond yields.
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This week, the crude oil price tag has fluctuated a few cents around the $57 per barrel level, while gold futures have been trading at a disappointingly low level for some – in the region of $1,175 to $1,177 per ounce.

Small fluctuations around $57 per barrel

Crude oil stocks are currently at an eighty-year high, this being attributed to Saudi Arabia curbing its military campaign against Yemen.

While there no longer seems to be the threat of oil price crashes, prices have dropped from around $58 to $57, which is a minor fluctuation when considered in the context of thirty-day movements, between $40 and $58.
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Oil News

Despite oil prices rebounding on Monday with Brent crude at $58.12 a barrel, online commodity traders should be cautious, as a report produced by Goldman Sachs Analysts predicts months of low oil prices ahead.
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Gold news

This morning online commodity traders woke to a fresh shock, another price drop in gold, a new four month low, completely wiping off all profits made in 2015. This was the seventh consecutive day of trading loss. Gold futures for April fell to $1,160.10.

Reasons for pressure on gold

The world economies are slowing, inflation is low, and gold has always been used as a hedge against rampant inflation.
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