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
15
Mining Companies Down As Gold, Silver Prices Keep Falling
August 15, 2008 | Leave a Comment
DOW JONES NEWSWIRES
With the price of gold trading below the key $800 level, and silver futures
falling to a two-year low, mining companies are getting hit in premarket trading.
Commodity futures have been easing the past month, and the past week in
particular, as the dollar has gotten off the mat and begin to [...]
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
29
Of DOW JONES NEWSWIRES
BRUSSELS (Dow Jones)–A rate hike by the U.S. Federal Reserve will lower crude
prices as financial speculators quit the commodity in favor of alternative
assets, according to the secretary general of OPEC, with the producer group
unlikely to fret if prices fall back to levels that reflect the fundamentals of
oil - conceivably below $100 a [...]
