Sep
29
Gold rises to above $900 on safe-haven buying
September 29, 2008 | Leave a Comment
NEW YORK (MarketWatch) — Gold futures rose to above $900 an ounce Monday, as
bank woes across the Atlantic Ocean triggered safe-haven buying while the $700
billion plan to rescue the ailing U.S. financial sector was awaiting a vote in
Congress.
Meanwhile the U.S. dollar rose sharply against its major rivals, limiting gains
in dollar-denominated gold prices.
Gold for December delivery [...]
Sep
14
Oil falls below $100 a barrel again despite hurricane
September 14, 2008 | Leave a Comment
WASHINGTON (MarketWatch) - The price of a barrel of oil again slipped below $100
on future markets Sunday, though it’s unlikely Americans will see much if any
relief after Hurricane Ike devastated a part of Texas that accounts for 25% of
all refined gas in the U.S. A barrel of light crude recently traded down $1.56,
or 1.5%, at [...]
Sep
4
Crude futures close at five-month low on weak petroleum demand
September 4, 2008 | Leave a Comment
Crude futures at five-month low on weak demand
Natural-gas prices edge up after a 90 billion cubic-foot rise in U.S. inventories
By Myra P. Saefong & Polya Lesova, MarketWatch
Last Update: 9/4/2008 3:27:00 PM
SAN FRANCISCO (MarketWatch) — Crude-oil futures fell Thursday to close at a
five-month low after a U.S. government report showed that supplies of gasoline
fell for a [...]
Aug
8
Why is the dollar rising?
August 8, 2008 | Leave a Comment
Dollar extends broad rally as euro withers
Combination of factors contributes to greenback’s gains
By William L. Watts & Lisa Twaronite, MarketWatch
Last Update: 8/8/2008 4:18:00 PM
SAN FRANCISCO (MarketWatch) — A sell-off in crude-oil futures, surging stocks on
Wall Street and U.S. economic data showing a rise in productivity further fueled
a dollar rally Friday initially sprung by concerns about [...]
Aug
5
Prices turn higher after Fed rate decision and statement
August 5, 2008 | Leave a Comment
SAN FRANCISCO (MarketWatch) — Gold futures on Tuesday tallied a loss of more than $36 an ounce during a three-session losing streak that brought prices to their lowest level since mid June.
The metal followed a decline in oil prices and saw pressure from U.S. dollar strength, which eased demand for the precious metal.
But gold [...]
Jul
29
Gold drops to three-week low as dollar strengthens
By Polya Lesova & Myra P. Saefong, MarketWatch
Last Update: 7/29/2008 12:25:00 PM
SAN FRANCISCO (MarketWatch) — Gold futures fell more than 1% Tuesday to touch
their lowest level in three weeks, as easing oil prices and a stronger U.S.
dollar left traders inclined to sell the precious metal.
Gold for August delivery [...]
Jul
29
Crude futures fall near a three-month low
July 29, 2008 | Leave a Comment
Crude futures fall near three-month low
By Polya Lesova & Myra P. Saefong, MarketWatch
Last Update: 7/29/2008 12:15:00 PM
SAN FRANCISCO (MarketWatch) — Crude-oil futures dropped as much as $4 a barrel
Tuesday, reflecting ongoing concerns over easing demand as well as strength in
the dollar, to push prices to their lowest level in nearly three months.
Energy futures traded broadly [...]
Jul
21
Gold futures rise as crude oil climbs
July 21, 2008 | Leave a Comment
Gold futures rise as crude oil climbs
By Polya Lesova, MarketWatch
Last Update: 7/21/2008 12:41:00 PM
NEW YORK (MarketWatch) — Gold futures gained to trade near $964 an ounce Monday,
getting a boost from rising oil prices and mixed trading in the U.S. dollar.
Gold for August delivery gained $7 to $965 an ounce on the New York Mercantile
Exchange.
Earlier, gold [...]
Jun
20
Rebound in oil prices pressure carrier shares
June 20, 2008 | Leave a Comment
Airline shares descend as oil prices rebound
By Christopher Hinton, MarketWatch
Last Update: 6/20/2008 3:13:00 PM
NEW YORK (MarketWatch) — Airline stocks were declining Friday on rebounding oil
prices.
The Amex Airline Index (XAL) slipped 7.5% to 17.99 points with all of its 14
components in the red. The index climbed more than 10% in prior-day trading after
China said it would [...]
May
7
Gold ends more than $6 lower as dollar strengthens
By Polya Lesova & Myra P. Saefong, MarketWatch
Last Update: 2:02 PM ET May 7, 2008
SAN FRANCISCO (MarketWatch) — Gold futures closed with a loss of more than $6 an
ounce Wednesday with strength in the U.S. dollar against other major currencies
prompting the precious metal to end a three-session [...]
