Gold was flat at $1,323.01 an ounce this morning as a declining dollar and strengthening equities combined to halt its rally.
Articles Tagged "oil prices"
Oil – For the first time since July, oil futures are down below $100 per barrel.
Precious metals traded higher early in the session today, but took a tumble later on. Meanwhile, copper and Brent crude prices held the gains they made this morning.
Oil – Saxo Capital Markets has a look at the major triggers for oil prices that investors should note with the ongoing crisis in the Middle East.
Prices of commodities rose and fell throughout the week, responding to changes in the dollar, US economic data and growing tensions with Syria.
Oil – United States Congress debates surrounding a military strike against Syria pushed fears of crude oil supply disruptions in the Middle East under the rug on Wednesday. But according to market experts, whether or not the US strikes out against Syria, the oil market is in for a bullish time.
Commodities prices were dampened on Friday as investors worried the US Federal Reserve is more likely to begin tapering its stimulus plan after the release of strong economic data.
Investors held back from placing any big bets Friday as they continue to wait on a sign from the Federal Reserve regarding its stimulus program.
A weak dollar helped ease commodities this week as market watchers waited for Friday's US jobs data to be released.
Oil – Bloomberg reported that Brent crude fell below $100 a barrel, its lowest since July, as signs of weak economic growth have lowered demand.