Gold Holds Above Three-Day Low as Ukraine to U.S. Weighed

Posted by Forexsq 2 days ago (
img Gold held above a three-day low in New York as investors weighed tension over the downing of a passenger aircraft in Ukraine against the outlook for an improving U.S. economy.

The dollar was little changed near a one-month high against 10 major currencies after data yesterday that showed U.S. home sales climbed to an eight-month high and before a report tomorrow that may show slowing European

Brent Crude Rises as Ukraine Fighting Intensifies

Posted by Forexsq 2 days ago (
img Brent crude advanced as fighting intensified between government and rebel forces in Ukraine. West Texas Intermediate traded near its lowest closing price in two days after an industry report showed U.S. gasoline supplies expanded.

Futures climbed as much as 0.5 percent in London. Rebels downed two Ukrainian SU-25 fighters aircraft today in the Donetsk region, Defense Ministry spokesman Oleksiy

Gold Gains From 5-Week Low as Prices Near Technical Level

Posted by Forexsq 18 hours ago (
img Gold rose from a five-week low in New York, narrowing a second weekly loss, on speculation prices near a technical level will discourage selling.

Bullion fell as much as 1.3 percent to $1,289.40 an ounce yesterday, the lowest since June 19, as U.S. equities reached a record after data showed jobless claims fell and global manufacturing increased. The metal, which yesterday fell near its 200-da

Gold miner rally ‘foreshadows a trend’ for the metal’

Posted by Forexsq 14 days ago (
img The outperformance of gold-mining stocks over gold this year points to some price gains ahead for the metal, but don’t expect a big rally.

A little over halfway into the year, mining stocks have recouped roughly half of what they lost in 2013 and scored about double the percentage gains seen in gold prices.

Gold-mining stocks “generally lead gold, both in the direction of the moves and in t

Russia attacks U.S. oil and gas companies in massive hack

Posted by Forexsq 23 days ago (
img The Cold War didn't end in the 1990's. It simply moved online.

That much is clear after a security firm reported this week that Russian hackers have launched unprecedented, highly-sophisticated attacks on Western oil and gas companies.

The cyber operation nicknamed Energetic Bear is the latest example of an ongoing battle between all-seeing American and British cyber spies on one side -- an

Gold Trades Below Two-Month High as Fed, Demand Weighed

Posted by Forexsq 32 days ago (
img Gold futures traded below a two-month high as investors weighed the outlook for U.S. borrowing costs to remain low and tension in Iraq against signs of weaker physical demand. Platinum and palladium declined.

Gold capped a third successive weekly advance last week after the Federal Reserve said it will keep interest rates at almost zero for a considerable time. The metal’s 12-year bull run end

Rising oil prices trigger economic growth concerns

Posted by Forexsq 32 days ago (
img Islamist militant gains in Iraq sent world oil prices higher Monday, sparking concerns that this could hurt global economic growth, especially in Europe where the recovery seems to be faltering.

Crude oil prices in London and New York touched levels not seen since last September after militants from the Islamic State in Iraq and Syria (ISIS) seized city after city over the weekend as they cont

$120 Oil Flagged as Danger Point for Global Economy on Iraq Crisis

Posted by Forexsq 37 days ago (
img The global economy faces a new threat from an old enemy: oil.

A spike in the price of crude foreshadowed economic slumps in each of the last four decades and economists are worrying anew after Brent touched its highest price in nine months above $113 a barrel amid fresh violence in Iraq, OPEC’s second biggest producer. Brent started the year about $6 cheaper.

The rule of thumb favored by ma

Gold Extends Drop From Three-Week High Before Fed Meeting

Posted by Forexsq 38 days ago (
img Gold fell from a three-week high in New York on speculation the U.S. Federal Reserve will ease monetary stimulus after a two-day policy meeting that starts today. Silver also declined.

Gold, which climbed 1.7 percent last week amid escalating tensions from Ukraine to Iraq, halted a 12-year bull run in 2013 on speculation the Fed would reduce stimulus measures as the U.S. economy improved. Poli

Exclusive: BNP hands years of oil trading files to U.S. in $10 billion probe

Posted by Forexsq 39 days ago (
img French bank BNP Paribas (BNPP.PA), which is facing a potential $10 billion fine for breaking U.S. sanctions, has handed over to U.S. investigators files covering many years of its dealings with leading companies in the oil market.

A dozen former BNP insiders and senior trading executives said it had in recent months handed over a host of documents relating to its oil dealings with Sudan and Ir

Oil Topping $116 Seen Possible as Iraq Conflict Widens

Posted by Forexsq 39 days ago (
img Brent crude was projected by Wall Street analysts to average as much as $116 a barrel by the end of the year. Now, with violence escalating in Iraq, how far the price will rise has become anyone’s guess.

The international benchmark surged above $114 on June 13 for the first time in nine months as militants routed the Iraqi army in the north and advanced toward Baghdad, threatening to ignite a

Russia cuts off natural gas supplies to Ukraine

Posted by Forexsq 39 days ago (
img Russian state-owned gas firm Gazprom says it has cut off supplies to Ukraine after negotiators failed to resolve a payment dispute before a key deadline expired.

Representatives from Ukraine, Russia and the European Union held meetings over the weekend in an effort to avert the crisis, but no agreement was reached.

Oil at 9-month high as Iraq violence weighs

Posted by Forexsq 42 days ago (
img Oil futures edged higher on Friday, with the U .S. benchmark holding ground around a nine-month high in the wake of continued violence in Iraq, but prices trimmed gains on reassurances the nation’s main oil-producing regions remain insulated from imminent threat.

July crude oil CLN4 +0.09% added 13 cents, or 0.1%, to $106.67 a barrel on the New York Mercantile Exchange after touching a high of

Oil prices spike as Iraq violence flares

Posted by Forexsq 43 days ago (
img Oil prices spiked Thursday to levels not seen in nine months as escalating violence in Iraq sparked worries about crude exports.

Light crude oil futures touched $106 a barrel, up nearly 2% and the highest price since September 2013.

Al-Qaeda Offshoot Threatens Iraq Oil Site Near Mosul

Posted by Forexsq 44 days ago (
img Iraqi forces and a breakaway al-Qaeda group fought for control of a region that’s home to a key oil refinery as the prime minister sought to beat back a guerrilla advance that’s claimed the nation’s second city.

Violence is surging across parts of northern and central Iraq more than a decade after the U.S. invasion and three years since American troops withdrew. There were conflicting reports

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