Commodities News

Gold climbed by almost $11.00 in Asian trading this morning to hit 1357.60 a new 2014 high as tensions in the Ukraine continue to stress markets. Gold has been rising continuously since beginning of the year 2014 from $1200 to $1355 so at any point in time prices may take

Issues between Ukraine and Russia helped spike April Gold futures on Tuesday. Speculators bought gold as Ukraine began military drills as the Russian army tightened its hold on Crimea. Gold prices could rise further as investors wait for the outcome of the meeting between U.S. President Barack Obama. The U.S.

Nymex crude oil prices declined around 1.4 percent Monday on the back of unexpected decline in Chinese exports increasing concerns over the economic growth in world’s second largest economy. Further, Libya restarting its oil production and pumped around 275,000 barrels of oil yesterday exerted downside pressure on the prices. Further,

Tuesday morning markets are fairly quiet as traders continue to watch events unfold in the Ukraine, where more aggressive military action seems to be in all the headlines. Russia’s Putin in public says he wants diplomacy and not military action but behind the screens is trying to cower the governments

April crude oil futures finished sharply lower on Monday. The catalyst behind the sell-off was a surprise drop in China’s exports and weaker-than-expected growth in Japan. Today’s downside momentum suggests the market may be headed toward a major retracement zone at $100.34 to $99.19. On Friday, crude oil rallied after

Crude oil began to ease as the week started and should continue over the next 24-48 on lackluster trade data and inflation numbers from China and disappointing numbers from Japan. Crude oil is trading at 102.33 downy by 26 cents. Brent oil also tumbled giving up 57 cents to touch

This morning precious metals are trading in the red, with gold falling $4.40 to trade at 1333.80 and silver plunging 195 points to trade at 20.733. Even the slight geopolitical tensions generating from the Crimea as Russian troops fire on the border. Russian troops detained Ukrainian border guards at a

Crude oil gained late on Thursday and continued that pattern this morning adding 24 cents to trade at 101.81 while Brent oil climbed 7 cents to touch 108.43.  Oil ended higher in a late rally on Thursday, snapping a two-day loss, even as the dollar trending lower against a basket

Gold gave back a bit of yesterday’s gains to trade at 1350.50 ahead of the much anticipated US nonfarm payroll report due in the early US session. Late in the day on Thursday gold climbed to trade above the 1350 level as global political tensions returned to the markets. The

Brent oil recovered after touching a recent low to add 23 cents this morning as Asian traders took advantage of the weak price to buy on the cheap. Brent Sea oil closed at 107.71 and climbed to 107.94. WTI crude oil continues to ease trading at 101.11 headed for the

Gold prices are flat this morning as markets return to normal. Gold is trading at 1337.40 and silver added 51 points to trade at 21.273. Gold prices eased on Tuesday as safe haven buying of gold faded after fears of military action by Russia in Ukraine eased. Russian President Putin

Commodity and foreign currency markets reversed course overnight after reports surfaced that Russia was withdrawing its troops from the Ukraine border. This reported move drove up demand for higher risk assets, putting pressure on crude oil and gold while helping to support the Euro and British Pound. If the change

Brent crude held slightly above $111 today, the highest levels since end of 2013, as tensions over Russia’s military intervention in Ukraine has triggered fears of energy supply disruption across Europe and rattled international markets. In the wake of the Russian invasion of Crimea region over the weekend, U.S oil

Yesterday’s news flow from Russia overshadowed all economic events and data releases as traders ran for the hills. Geopolitical tensions usually send traders to the US dollar, gold and the Japanese yen, but when one of the nations involved in the unrest is a major gas and oil producer the

April Gold futures surged to a four-month high as the military action by Russia against the Ukraine boosted demand for the precious metal as a safe haven asset. The rally through the last swing top at $1345.60 reaffirmed the main trend on the daily chart while creating a new swing

Is the weatherman always “wrong”? Just last week weather forecasts were calling for an end of the winter storms and a warmer March than had earlier been forecast. The old saying “March roars in like a Lion and out like a Lamb” maybe very true this year. Last week Natural

Crude oil finally eased after climbing for over a week and touching a recent high above the 103 price level with little outside of US residential demand for heating to support prices. Global data has been lackluster so implied demand was not a contributing factor. Crude oil is trading down

Gold is trading at 1332.50 coming off its recent high at 1340.00 touched earlier in the week as traders looked for safety as the Ukraine-Russian situation escalated after President Putin put the military on the borders on high alert. Yesterday, Federal Reserve chair Janet Yellen said she isn’t sure how

The February 26th release of “This Week In Petroleum” starts off saying “The sustained cold weather that overtook much of the United States during January and February increased demand for space heating fuels, disrupted crude oil and natural gas production as well as refinery, rail, and pipeline operations, and challenged

Gold traded near recent highs on Wednesday as traders worried about geopolitical tensions in the Ukraine along with lackluster US data. Market focus will be today’s testimony by Janet Yellen at the Senate Bank Committee. Traders are hoping to hear some clues into the FOMC thinking after two months of