Oil – Bloomberg reported that West Texas Intermediate oil advanced after positive jobs data gave a boost to the US economy.
Articles Tagged "European Central Bank"
Gold – Silver Wheaton, the largest precious metals streaming company in the world, has teamed up with Vale for a lucrative gold streaming arrangement with mines in Canada and Brazil.
Oil – Reuters reported that oil rose above $117 per barrel Thursday even before the European Central Bank meeting that could confirm rumors the euro zone’s economy may have neared its lowest point.
Palladium – The Sydney Morning Herald reported that spot palladium prices fell Friday as buyers are cashing in gains.
Lead – A brief overview of lead price developments, supply and demand and significant market movers.
The ECB’s recent plan to ease the Eurozone crisis has had a positive impact on commodities. And copper may get an extra boost from a new Chinese infrastructure program.
Gold – Gold reached a six-month high, surpassing $1,700 an ounce, after the European Central Bank announced a long-awaited bond-purchase program.
Gold – Bloomberg reported that European Central Bank President Mario Draghi's announcement of an unlimited bond-buying program for the Eurozone drew gold futures up to $1,703.50, their highest level since March.
Oil – Reuters reported that a drop in US crude oil inventories to 7.43 million barrels, positive US jobs data and news that the European Central Bank plans to launch a new bond-buying program combined to push oil prices higher.
Gold – The World Gold Council believes gold-backed bonds can play a positive role in the EU crisis, but raises matters of serious consideration, including market risks.