Posts Tagged ‘goldman sachs’

Goldman Surprised by Sudden Oil-Market Turn

Monday, May 16th, 2016

The global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc. had expected.

A decline in production driven by unexpected supply disruptions, as well as sustained demand have led to a “sudden halt” to the market surplus, Goldman wrote in a report dated May 15.

The bank’s report, written by analysts including Damien Courvalin and Jeffrey Currie, prompted Goldman to raise its U.S. crude price forecast to $50 a barrel for the second half of 2016 from a $45 estimate in March.

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A Rough Road Ahead for Oil and Gold

Tuesday, May 12th, 2015

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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Commodities slide on Asian growth fears

Wednesday, October 10th, 2012

Commodity Trading in AsiaThe World Banks’ economic forecast for Asia, released last Monday, slashed its predictions for growth in the region, dropping from 7.6% to 7.2% for 2012 – a whole percentage point below the previous year.

The Bank cited weak demand for Asian exports as European economies still struggle to return to growth in the shadow of austerity and the Euro debt crisis. The figures were re-iterated at the IMF and World Bank Group annual meetings in Tokyo on Friday, where IMF chief Christine Lagarde warned of the ‘narrow path’ between austerity and growth.
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Stalled development in commodities temporary?

Tuesday, April 10th, 2012

Gold investmentCommodity prices have recently gone up widely, which has lead to that those who invested in the sector, not have been able to see their investments increase in value. But the last few days, oil prices as well as gold and copper have had its ups and downs. It is said to depend on if the oilstock in the U.S. and Europe reduces, but could also depend on the stable dollar.

Oil

The increasing oil price has been hampered in recent times. It has even declined slightly recently. The reason is said to be that the U.S. is considering to review its oil stocks, and maybe even release a part of this oil to the market, as well as the UK and France. It is in this case, a deliberate (more…)

Gold reach record levels

Monday, May 17th, 2010

Investors stick to gold as an alternative to the euro. Gold denominated in euro rose to record levels, 994 EUR/ounce, after USD gained over 1 % against the Euro.

Equities drops while funds buy gold

Soc General estimate major exchange traded funds added 46 tons of gold last week. Funds turn into gold as it’s holding the its value and going higher, while equities (more…)