Gold rose in New York to within 0.4 percent of a record as investors bought the metal to protect their wealth amid financial market turbulence.
Hedge-fund managers and other large speculators increased their net-long position in gold futures on the Comex in New York by 4 percent to 238,634 contracts in the week ended June 22, [...]
Posts Tagged ‘Commodities’
Gold Advances in New York as Investors Seek to Protect Wealth
June 28th, 2010 by HardMoney Writer
Tags: businesses, Commodities, consumers, Financial Markets, global economic, Gold & Precious Metals, investors, money, US Economy
more...Producer Prices in U.S. Decreased 0.3% in May on Fuel
June 16th, 2010 by HardMoney Writer
Wholesale prices in the U.S. fell in May for the third time in the past four months, pulled down by lower costs for energy and food as European default concerns threatened to slow the global expansion.
The European debt crisis has prompted economists to trim inflation forecasts on increased prospects for weaker global growth and a [...]
Tags: commerce department, Commodities, economy recovery, European economy, eurozone economy, Federal Reserve, financial market, housing market, interest rates, money
Oil Rises After Increased Demand Forecast, Weaker U.S. Currency
June 10th, 2010 by HardMoney Writer
Crude oil rose for a third day as the International Energy Agency increased its demand forecast and the dollar weakened, bolstering the appeal of commodities as an alternative investment.
Futures traded near a two-week high after the Paris-based agency predicted worldwide oil use in 2010 will rise by 1.7 million barrels, or 2 percent, to a [...]
Tags: china economy, Commodities, economic sectors, financial market, money investment, oil, stock market
Euro-zone troubles may keep stocks on edge
May 15th, 2010 by HardMoney Writer
Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again.
A $1 trillion rescue package unveiled at the week’s start gave only temporary relief to investors, who are increasingly worried about the impact of the crisis on the global recovery [...]
Tags: Commodities, debt crisis, Dow Jones Industrial, economy, financial, financial market, global recovery, stock market, stocks, US Economy, wall street
Stocks rise as concerns about Europe ease
May 12th, 2010 by HardMoney Writer
NEW YORK — Stocks opened higher Wednesday as investors considered whether a $1 trillion bailout package would be enough to fix the Euro zone’s long-term debt problems.
The Dow Jones industrial average (INDU) gained 45 points, or 0.4%, in the early going. The S&P 500 index (SPX) added 6 points, or 0.5%, and the Nasdaq composite [...]
Tags: Commodities, eurozone economic, global economic, investors, mortgages, stock market, US Economy
Stocks, Oil Rise on Earnings, Economy as Dollar Declines on Fed
April 29th, 2010 by HardMoney Writer
Stocks rose as companies from Motorola Inc. to Unilever NV reported better-than-estimated earnings and European leaders moved closer to helping Greece. Higher-yielding currencies strengthened after the Federal Reserve pledged to keep interest rates at a record low.
The Standard & Poor’s 500 Index rose 0.7 percent, while the Stoxx Europe 600 Index climbed 1.2 percent at [...]
Tags: Commodities, economy, fed, Federal Reserve, interest rates, investors, stocks rose, US Economy
Oil Prices to pop in more; biz to show Volatile: Petrobras CEO
October 28th, 2009 by HardMoney Writer
The oil market is expected to continue its upward trend, but trading will be volatile, CEO of Brazilian oil giant Petrobras, Jose Sergio Gabrielli de Azevedo, told CNBC.
“What we see right now is the price is the average that we thought it would be; I think we will continue to lead with continued volatility in [...]
Tags: Commodities, Energy, Futures, Gold & Precious Metals, Hedge Funds, oil, Private Equity
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