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Gold melts on weak global cues, subdued demand
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OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data
By: azhar12
Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...
11 days ago
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By: inamshah
Gold prices continued to climb in electronic trading on Thursday, with December gold reaching a contract high of more than $1,122 an ounce on bets that demand for the precious metal will remain strong against an extended backdrop of low interest rates. As of Wednesday, December gold has posted gains in every New York trading session so far ...
17 days ago
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Oil falls below $79; U.S. inventory in focus
By: dustgeer
Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks outweighed both a weak dollar near 15-month lows and an IEA report that said global oil demand will return to growth this quarter.Delayed weekly inventories data out of the world’s largest fuel consumer the United States are set to show a 700,000 barrel rise ...
16 days ago
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Oil Reaches YTD High of Over $75 Per Barrel
Oil Reached a YTD High of over $75usd Per Barrel today. Thew Dollar index has fallen lower and helped bring up the price of commodities in general. Meanwhile the Dow Jones Industrial Average has made a new YTD high crossing the psychologically significant 10,000 mark which also helped oil. Gold is now trading nearly even today after falling a bit ...
about 1 month ago
- News Source: MarketWatch | 8 months agoThe April light sweet crude contract hit a fresh two-month intraday high of $48.32 a barrel on speculation the Organization of Petroleum Exporting Countries will announce output cuts to boost prices when its members gather this weekend in Vienna. But...
- News Source: Times of India | 8 months agoGold prices fell by 1.07% in futures trade on Tuesday on selling by traders in line with a weakening trend in the global markets. The gold for most-active August contract fell by 1.07% to Rs 15,220 per 10 gram on the Multi Commodity Exchange in...
- News Source: The Economic Times | 8 months agoCrude oil on Tuesday rose by 1.11 per cent in futures trading on stockists creating fresh positions in line with a firming global trend...On the Multi Commodity Exchange, crude oil's March-month contract rose by 1.11 per cent to Rs 2,468 per barrel...
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