Gold Rises in New York as Palladium Near 13-Year High

Posted by Forexsq 2 days ago (
img Gold rose for the first time in three days in New York as investors weighed the standoff over Ukraine against a stronger dollar. Palladium was near a 13-year high.

Gold rose 8.4 percent this year partly as unrest helped fuel demand. Ukrainian government forces took control of one of four districts in the pro-Russian separatist stronghold of Luhansk, as the Red Cross said it’s working toward ag

Mexico opens up its oil fields to foreign investors

Posted by Forexsq 6 days ago (
img Mexico's landmark energy reform -- so long in the making -- is starting to take shape.

On Monday, President Enrique Pena Nieto signed into law a framework for private investment, ending a 76-year state monopoly. Days later, and earlier than expected, his government made a key announcement about what areas of Mexico's vast reserves would be open to foreign oil companies.

Energy Future Says It May Have to Scrap Bankruptcy Deal

Posted by Forexsq 34 days ago (
img Energy Future Holdings Corp., the Texas power company taken private in a record buyout seven years ago, may scrap a reorganization plan negotiated before it filed for bankruptcy unless it can reach new terms with creditors.

The deal may have to be amended or thrown out, Edward Sassower, a lawyer for the company, said today at a hearing in Wilmington, Delaware, citing rising debt costs and new

Gold may be entering a golden age

Posted by Forexsq 16 days ago (
img The Golden Age in Greek mythology was a beautiful period to live in. As legend had it, this was a period of time where people never had want, work was leisurely, and peace reigned. Men lived like gods, and there was no struggle or strife. Makes me wonder if quantitative easing was around back then, given that the Fed seems to think we are in or about to re-enter a time when asset values will neve

Gold Falls as Investors Assess Outlook for U.S. Economy

Posted by Forexsq 17 days ago (
img Gold fell in New York as investors assessed the health of the U.S. economy after last week’s jobs report.

U.S. data showed Aug. 1 that while employers added more than 200,000 jobs for a sixth month, the jobless rate rose. Gold prices climbed after the report, as the dollar weakened from a four-month high against 10 major currencies and equities slipped amid concern that Argentina’s default and

Gold Bulls Boost Bets on Rally Just as Prices Extend Drop

Posted by Forexsq 24 days ago (
img Hedge funds increased their bets on a gold rally, just before prices fell for a second week as an accelerating U.S. economy outweighed concern that violence between Russia and Ukraine will escalate.

Money managers increased their net-long position by 3.1 percent in the week through July 22, U.S. government data show. Two days later, prices dropped to a five-week low amid declining demand. Purc

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

Posted by Forexsq 27 days 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

Brent Crude Rises as Ukraine Fighting Intensifies

Posted by Forexsq 29 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 Holds Above Three-Day Low as Ukraine to U.S. Weighed

Posted by Forexsq 29 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

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

Posted by Forexsq 41 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 49 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 59 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 59 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 64 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 65 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

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