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By Austin Kiddle |
May 3, 2013
According to a local Hong Kong newspaper, the largest fall in gold prices in 30 years prompted the Mainland Chinese tourists to buy about 60 tonnes of gold in Hong Kong during the three-day Labor Day holiday.
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By Moming Zhou, Bloomberg |
April 23, 2013
West Texas Intermediate crude was little changed as data from China and Europe signaled a slowdown in global manufacturing and equities climbed for a third day.
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By Phil Flynn |
April 2, 2013
While manufacturing reported weakness caused a drop in oil, heating oil led a product comeback. Yet it was natural gas that quietly closed above $4.00 that was perhaps the most interesting move of the day.
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By Jon Nadler |
January 22, 2013
Analysts at Citigroup and Goldman Sachs have scaled back gold price forecasts, especially in the longer-term, as the underpinnings of its bull market are being called into question.
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By Austin Kiddle |
January 18, 2013
The Fed and some large investors are sounding alert on the overheating of the riskier assets as the Fed has been buying $85 billion of bonds each month. More asset inflation is better for gold prices.
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By Michael P. Regan and Will Hadfield, Bloomberg |
December 14, 2012
Commodities rose after the biggest rally in Shanghai’s benchmark stock index in three years as manufacturing reports in China and the U.S. fueled optimism in the economy.
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By Alanna Byrne |
December 5, 2012
Newly released reports show U.S. payroll and manufacturing data down, while the Chinese government gave investors some good news in overnight announcements
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By Phil Flynn |
December 4, 2012
It is possible that the the drop in new manufacturing orders came about because of Hurricane Sandy, but it did not seem to make a difference to oil traders who are worried about going over the fiscal cliff.
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By Anthony Lazzara |
December 3, 2012
U.S. stocks are hovering around unchanged this morning as the monthly ISM report came out much below expectations.
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By Austin Kiddle |
November 30, 2012
Analysts' median forecast for 2013 year-end gold price has risen from $1,832 as of end-September to $1,850 currently.
