Commodities News

April gold prices surged as investors flocked to the metal for protection against a drop in equity prices. Early in the session, the market caught a bid ahead of this afternoon’s Fed announcement. This move was expected to underpin the dollar which should have pressured gold. Instead, gold was given

Traders sit on the edge of their seats ahead of the Federal Reserve meeting and statement due later in the US trading session. Crude oil eased by 9 cents to trade at 97.32 as traders sold off to book profits after oil climbed steadily this week. The US dollar continues

Crude oil declined on Tuesday to trade at 95.97 and recovered a bit this morning to trade at 95.85 adding 12 cents. Yesterday crude oil prices declined sharply led by a steep fall in natural gas as growth concerns in emerging markets raise concerns about crude oil demand. Also, crude

The metals markets are all abuzz over the Federal Reserve meeting today and tomorrow as traders begin to take positions ahead of tomorrow’s decision. The big question is tapering or not to taper and just how much will the FOMC taper. Gold gave up $6.20 to trade at 1257.30 while

Crude oil continues to trade on the high side at 96.72 adding 7 cents this morning on the back of the weaker US dollar while Brent oil eased by 33 cents to 107.61. The spread is nearing $10. There have been a lot of events that affect the energy markets

Crude oil continued to climb this morning after Thursday’s EIA inventory report showed a significant drop in heating oil and distillates. Crude oil added 23 points to trade at 97.56 while Brent oil added 11 cents to sell at 107.70. The Department of Energy’s (DoE) weekly petroleum stockpiles report, delayed

Crude oil broke above $96 for the first time in weeks after the release of the weekly API inventory. Oil prices eased in Asian trade Thursday as investors locked in profits after they hit their highest levels this year on forecasts of stronger demand.  Crude is down 28 cents trading

Crude oil surprised investors by climbing 46 cents in the Asian session to touch 95.43 against a stronger US dollar. The upward forecast of growth by the World Bank helped increase implied demand for the black gold. Crude oil clung to modest gains on Tuesday after a swift early rally

US markets fluctuated over the course of the trading day on Friday before ending the session mostly lower. A mixed batch of earnings and economic news contributed to a lackluster performance by the markets for much of the session. US markets were shuttered on Monday for a local holiday leaving

Gold Rebounds:  A Sign of Things to Come? One of the biggest stories in financial markets last year was the massive decline in gold prices.  To be sure, the drop in valuations is something that has not been seen in a very long time:  2013 marked the first annual drop

Volume is light in the Forex and commodity markets today because of the U.S. bank holiday. Trading is thin because of the early commodity market close. Normal trading conditions will resume on Tuesday. A sell-off in the U.S. Dollar helped trigger a surge in February Gold futures today. The move

This week it looks like traders will take a breather from equities and currencies as the commodity market, in particular the energy sector.  With the US dollar and forex traders waiting for the FOMC meeting on January 29th and Chinese and Japanese data behind the markets traders will pay close

Crude oil is trading at 94.19 up by 9 cents today. Oil has steadily gained since the EIA inventory report on Wednesday afternoon.  WTI rose 1.7 percent on Jan. 15, the most this year, after government data showed U.S. crude stockpiles shrank to the lowest level since March 2012 in

Crude oil climbed on Wednesday to trade at 94.36 and remains flat this morning as traders take a moment to evaluate their initial response to the week EIA inventory report which showed a significant drop in crude oil stocks. As per the US Energy Department (EIA) report, US crude oil

February Crude Oil futures finished higher on Wednesday. After reaching a low last week at $91.24, the market has consolidated, setting up the possibility of a retracement back to $96.00 to $97.12. The catalyst behind today’s strength was a stronger-than-expected oil report. On Wednesday, the U.S. Energy Information Administration reported

Oil prices continue to tumble on Monday as news that negotiations with Iran are moving along positively. Crude oil drifted as low at 91.81 and is trading at 92.76 this morning. Under the deal initially reached in November, Iran agreed to curb parts of its nuclear drive for six months

February Gold finished higher today after see-sawing between gains and losses most of the session. The direction of the U.S. Dollar continues to exert an influence on the movement in gold. Hedge buying in anticipation of a break in the stock market is also helping to underpin the market. Technically,

Gold climbed to a new monthly high on Monday as traders took advantage of the drop in the US dollar to buy up the cheaper commodity. Traders are more concerned with the upcoming FOMC meeting on January 29th. Gold is trading at 1252.50 up by $1.40 at the end of

Crude oil is beginning the week in the red down by 28 cents with Brent oil following close behind down 15 cents. WTI light sweet crude oil is trading at 92.67 as Brent oil touches 106.46 both are trading at the bottom of their trading ranges. Oil prices fell in

US production continues to climb while global demand tumbles as per a report on Thursday from the Energy Administration. WTI crude oil is trading at 92.47 recovering 81 cents this morning as the US dollar eased after touching a recent record high on Thursday. Crude oil rose in early Asian