Posts Tagged ‘Federal Reserve’

Gold Hits 4-week High as Cenbank Meets and Brexit Vote Shakes Stocks

Monday, June 13th, 2016

Gold hit its highest since mid-May today, Monday (June 13), driven higher by a retreat of the dollar and as stocks were knocked by rising risk aversion before key central bank meetings this week and a June 23 vote on whether Britain should leave the European Union.

The pound fell to a two-month low against the dollar, pushing gold denominated in sterling to its highest in nearly three years at 909.83 pounds an ounce, up 1.9 per cent.

Spot gold was up 0.8 per cent at $1,283.66 an ounce at 09.40 GMT, off an earlier peak of $1,284.50. U.S. gold futures for August delivery were up $11.10 an ounce at $1,287.00.

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Gold Keeps Shining in the Best Rally in Two Months

Monday, May 2nd, 2016

Nothing seems to be slowing down the gold market, even when speculators take a step back.

Bullion has been on a tear, with futures last week posting the biggest advance in two months. Hedge funds missed the party, reducing their wagers on a rally by the most since they turned bullish in January.

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Oil and Gold: Storm Clouds Gathering

Monday, December 21st, 2015

Oil Hits an 11-Year Low

While this may not be a real surprise to professional online commodity traders, the fact that the price of Brent crude has dropped to levels not seen since the recession of 2008 has some investors questioning how low it may go.

Many technical analysts have pointed out that due to an excess of supply combined with steady OPEC production rates, support levels could still be a long time off.
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Stagnation is the Name of the Game in Terms of Oil and Gold

Wednesday, December 9th, 2015


In recent news, it has been shown that mining prices have taken massive hits with some companies such as Anglo American down nearly 22 per cent since the start of trading this week. Such negative movements serve to underpin the fact that online commodity trading experts still feel that there is a glut in terms of supply versus demand.

In turn, both oil and gold have once again entered into a more bearish territory (if ever having left this region to begin with during the past few months).
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Poor performances for Gold and Oil trading circles

Tuesday, December 1st, 2015

Gold: A Long Winter Ahead?

The bears have once again taken centre stage in terms of online gold trading. However, this is not all bad news for short-term commodity investors.

One of the main reasons for relatively positive news is that it is now widely believed that the Federal Reserve of the United States will raise its interest rates.
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Oil Prices to Stay Low After a Rebound, Gold Boosted by a Delay in Rates Rise

Tuesday, April 7th, 2015

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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Commodities slump after sharp dip in oil markets

Tuesday, September 18th, 2012

Oil barrelLate trading on Monday saw oil prices plummet briefly as the benchmark WTI price lost $4 in a few minutes, fuelled by rumours of a possible release of stocks from USA strategic reserves.

Coming in the wake of the Federal Reserve’s latest round of quantitative easing, with which Chairman Bernanke has promised to inject a further $40 billion monthly into mortgage-backed securities until employment figures improve, this latest shock underlines the skittish state of commodity markets.

Prices across energy and precious metals markets had been rising in anticipation of last Friday’s FOMC announcement, with gold peaking above $1770 before retracing 0.7% on the London spot market in the space of 22 minutes. Silver fared worse, with a 1.6% decline.
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Federal Reserve and ECB stimulation on Crude oil trading

Saturday, August 4th, 2012

Crude oil barrel and US DollarCrude oil prices fell earlier this week, but picked up slightly at the end as stimulation from the Federal Reserve and the European Central Bank (ECB) increased confidence in the market. Furthermore, a fall in the value of the US dollar made the oil cheaper for countries using other currencies, which also contributed to the rise in price.
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