Posts Tagged ‘Commodities’
In electronic trading in Asia today crude oil prices declined for two consecutive days (9.5). Crude oil prices fell again in speculation that the U.S. economy weakened and China. Weakening of the economies of both countries with the largest economy has the potential to cause large drop in demand for commodities including crude oil.
Crude oil prices decreased by 0.9%, a decrease of 2.8% increase that occurred at the close trading weekend. Asian bourses, which fell looked more crude oil price movements. China’s service sector slowed in August.
Crude futures for October delivery declined 77 cents and traded at 85.68 dollars per barrel position. Crude oil prices are the most active contract late last week closed with a record of 2:48 sharp dollar decline (2.8%) in the position of 86.45 dollars per barrel. Read the rest of this entry »
Gold traded in the world today the level of USD 1490.75 per onz or only edged up 0.1 percent. Prediction for today’s gold itself will remain stable.
This precious metal commodities stable because there are still fears of rising inflation Europe. Since last April inflation, spending in the energy sector and swell so that was a reason for investors to retain the gold that is not affected by inflation.
Monday, Europe’s finance ministers approved a loan to Portugal amounted to 78 billion euros, concerns about the debt crisis has helped the Euro exchange rate rises after seven weeks ago slumped against the U.S. dollar.
Milliuner George Soros himself throw $ 800 billion of its shares in the first quarter of this year, while John Paulson keep the SPDR Gold Trustny savings are great because the price is sure to remain stable. Read the rest of this entry »
Despite the crisis should be strengthened due to Libya and Yemen, the gold price appears to be moving stable due to the United States dollar (U.S.) experienced a rebound.
As quoted by Reuters on Wednesday (23/03/2011), price gold in a thin spot market fell 0.2 percent to USD1.427, 05 per ounce. While in the futures market, gold prices are flat and parking at USD1.427, 20.
While the price of gold is actually projected to touch the level of USD1.600 per ounce in the next year because of rising inflation and high demand from investor safe-haven commodities such .
While the dollar index rose slightly from hit its lowest in 15 months. While the euro moved lower under level within the last four and a half months. This is related to fears of debt problems in Portugal and Ireland which weakens some of the world’s major currencies. Read the rest of this entry »
Bank of Japan (Bank of Japan / BOJ) yesterday raised the economic growth forecast for fiscal 2010 to 3.3 percent from 2.1 percent previously. This step is supported by keeping interest rates from 0 to 0.1 percent.
BOJ also said the consumer price index (CPI) outside food is still forecast to weaken until the 2011 fiscal year despite the recent data the index rose 0.3 percent, higher than the estimate rose 0.1 percent.
Based on the BOJ’s projections, the new CPI will rise the beginning of fiscal year 2012 with a range of 0.6 percent. That’s when the economy is expected due to deflationary pressures began to decrease so that it will take to the path of growth.
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Gold prices finally come down from record highs amid uncertainty surrounding the U.S. economic stimulus delivery. The price of gold, silver and platinum prices fell along with other commodities.
The decline of gold and other commodity prices that occurred as the U.S. dollar index. The currency had already fallen too far because investors are too enthusiastic about the plan for continued disbursement of stimulus.
In trading Wednesday (27/10/2010), price of gold in the spot market reached its lowest point at U.S. $ 1318.74, and eventually closed down 1.1% to a level of U.S. $ 1323.65. Prices of gold futures for December delivery closed down U.S. $ 16 to as low as U.S. $ 1322.60.
All investor attention now being focused on the Federal Reserve meeting next week. They look forward to continued stimulus that will “launch” the Fed in order to stimulate the U.S. economy anymore. Read the rest of this entry »