WTI Oil Advances on US Jobs Data
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"
SLW Golden Handshake Worth $1.9 Billion
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 Reaches Above $117 a Barrel Ahead of European Central Bank Meeting
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 Dips as Investors Selloff
Palladium – The Sydney Morning Herald reported that spot palladium prices fell Friday as buyers are cashing in gains.
Lead Market Update (September 13, 2012)
Lead – A brief overview of lead price developments, supply and demand and significant market movers.
Weekly Round-Up: European Central Bank Rides to the Rescue
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 Rockets Through $1,700 on ECB Bond-purchase Plan
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 Futures Rise to $1,703.50 on Draghi’s Bond-buying Announcement
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.
US Jobs Data, ECB Plans and Inventory Drop Bring Crude Up
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-backed Bonds: WGC Supportive, But Issues Warning
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.
