Posts Tagged ‘usa’

Oil Rises on Talk of Producer Action, but Excess Looms

Monday, August 15th, 2016

Oil prices rose on Monday (August 15) to their highest in nearly a month, with benchmark Brent crude trading more than 10 per cent above the start of August, as speculation intensified about potential producer action to support prices in an oversupplied market.

Brent crude oil futures rose to a high for the month of $47.67 a barrel on Monday (August 15) before dipping back to $47.10 per barrel at 0943 GMT, up 13 cents from their last settlement, and 11.3 per cent above the last close in July.

US West Texas Intermediate (WTI) crude futures rose to a high of $45.15 a barrel before dipping to $44.63 a barrel, still up 14 cents from their last close. WTI has gained more than 7 per cent in August.

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Promising Gains for Gold, but Will it Continue?

Tuesday, January 26th, 2016


In a week looking set to be all about the weakening U.S. dollar and plummeting oil prices, gold futures have regained ground to find themselves back at $1,100–an–ounce level on Monday.

Going Gold

Not entirely unrelated to the weakening greenback, the yellow metal gained 0.8% early this week to reach a high of over $1,105. Though this gain falls short of the $1,108.90 session high, it does continue the upward trend from last week where it gained a half percent. This is particularly promising for the yellow metal in a period where almost every other asset class has fallen victim to increased volatility.
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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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Learn why the Oil Prices Set to Fall

Monday, June 3rd, 2013

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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Gold investor? Watch the fiscal situation in the US closely

Monday, January 14th, 2013

Gold trader eggWhile many currency traders have kept a watchful eye on the economic data coming from the Eurozone, commodities traders have been carefully considering their positions in regards to the current domestic fiscal situation in the United States.

This has been especially important for gold investors as they scruinised the Federal government’s stance on the debatable spending and budgetary concerns so recently highlighted by the so-called “fiscal cliff”.

This week’s modest increase in gold prices seems to reflect a more pronounced risk appetite for online commodity traders. Should the fiscal problems in the United States be alleviated, it is likely that a fresh influx of capital will be injected into industry which will include precious metals.
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Can Chinese manufacturing offset sluggish US and Eurozone activity?

Friday, November 23rd, 2012

China ShanghaiHSBC’s purchasing managers’ index (PMI) for China has rebounded into positive territory in November, for the first time in over a year. This month’s PMI is reported at 50.4, indicating growing manufacturing output which should be bullish for industrial commodity markets.

Chinese authorities continue to ease bank lending reserve regulations, and investment and domestic consumer demand are expected to rise, potentially halting recent declines in China’s growth rate. Whether this is sufficient to counteract falling exports to the still-fragile Eurozone and USA remains to be seen.
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Whither the Price of Gold?

Tuesday, July 31st, 2012

Gold bullion priceAccording to Business Week, last quarter marked a four-year low for the price of gold in the commodity markets.

This happened amidst predictions that gold would hit a record high this year.

The price of gold has been rising for the past eleven years. Traditionally, gold represents a safe haven from economic and political uncertainty.

However, eleven years after September 11, 2001, the market for gold may be reaching saturation.
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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…)