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Gold Extend Gains on Speculation Dollar Rally May Stall

posted by pippinallnite 6 hours ago in USD, Gold, Metals made popular 12 minutes ago

Gold rose for the third straight day on speculation the dollar's rally against the euro may stall, boosting the appeal of the precious metal as an alternative investment. Silver also gained.  read more

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Gold Extend Gains on Speculation Dollar Rally May Stall

posted by pippinallnite 6 hours ago in USD, Gold, Metals made popular 12 minutes ago

Gold rose for the third straight day on speculation the dollar's rally against the euro may stall, boosting the appeal of the precious metal as an alternative investment. Silver also gained.  read more

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Oil Rises Above $116, Goldman Sticks to View

posted by MarcB 7 hours ago in USD, Oil made popular 6 hours ago

Oil prices rose on Wednesday ahead of U.S. oil data, which was likely to show a drop in gasoline inventories, and as Wall Street heavyweight Goldman Sachs reiterated its view of strong fundamentals.  read more

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Oil Falls Below $113 After Storm Moves On

posted by nancypants 1 day 8 hours ago in USD, Oil made popular 1 day 7 hours ago

Oil prices fell below $113 on Tuesday after a tropical storm in the Gulf of Mexico avoided oil and gas installations.  read more

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US consumer sentiment improves as oil falls

posted by odell 4 days ago in USD, Oil, Consumer made popular 4 days ago

US consumer sentiment improved this month to its highest level since April, a survey showed yesterday, as Americans were more optimistic about the future, including short-term inflation, even as they were gloomier about current conditions.  read more

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Oil sinks as global economy slows

posted by odell 4 days ago in Oil made popular 4 days ago

Oil prices sank Friday as the dollar continued to climb and investors feared that weak economic growth would translate into lower crude demand worldwide.  read more

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Gold Drops Below $800 an Ounce in Asia as Dollar Strengthens

posted by warrenbuffet 5 days ago in USD, Gold made popular 5 days ago

Gold tumbled below $800 an ounce in Asian trading as the dollar headed for its longest winning streak in more than two years, reducing the appeal of the metal as an alternative investment to U.S. assets.  read more

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Commodities: Though Hit Hard Recently, Bulls May Yet Return

posted by fxhottie 6 days ago in Gold, Oil, Agriculture made popular 5 days ago

Commodities were hit hard in July, and the sell-off has continued into August. Led by the energy complex, commodities reached extremely overbought conditions a month ago, and were due for an intermediate-term correction. Key commodities are near  read more