Articles in the Gold and Oil Category
Gold and Oil »
The price of gold remains flat below $1,200 and not much above its 60-day low of $1,180 in mid-morning New York trade. The current gold price spot rate in New York is $1,190.70 per ounce after a closing price of $1,194.50 on July 22nd.
Gold and Oil »
Even though the Euro and Pound have been strong against the dollar this week, oil prices have fallen below the $77 level in Wednesday morning electronic trading on the New York Mercantile Exchange.
Gold and Oil »
It is a bit unusual, but gold prices are currently falling in line with US economic concerns, equity index drops, and dollar losses. Typically, gold is known as the “safe money” investment when there is economic uncertainty.
Gold and Oil »
As analysts and investors await the Federal Reserve’s announcement on interest rates later Wednesday (June 23), oil prices are trading below $78 per barrel on the New York Mercantile Exchange.
Oil has been closing in on $80 per barrel recently, but the major catalysts for the slight midweek dip include a negative outlook in Europe and uncertainty with regard to levels of supply and demand of US crude inventories.
In late London trade, the price of a barrel of benchmark crude for August delivery is currently near $77.50, down 39 cents from …
Gold and Oil »
As soon as investors think it is safe to invest in growth opportunities and more risky plays, economic concerns pop up somewhere in the world. The US is still trying to figure out if it is truly in economic recovery mode with job worries remaining and Europe is burdened with debt-ridden economies.
Gold and Oil »
US retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s.
Gold and Oil »
Crude oil prices climbed significantly early Thursday (May 27) morning in New York Mercantile electronic trading. After dipping below $70 for a few days thanks to European troubles and the BP oil spill, oil has returned to the $73 level based on speculator expectation for positive US economic news.
