By Barani Krishnan NEW YORK | Fri Sep 14, 2012 6:44pm EDT (Reuters) – Hedge funds and other big speculators pumped more than $6 billion into U.S. commodity markets this week, the most in three weeks, just before the Federal Reserve announced a third round of stimulus for the U.S. economy, trade data showed on Friday. With…
FRIDAY, SEPTEMBER 14, 2012 STOCK MARKET COMMENTARY: The major averages soared to fresh multi-year highs after the Fed stepped up and announced a new open-ended round of QE 3. From its summer low of 1266 the benchmark S&P 500 index has jumped a nearly 15%! After such a strong move, it is normal, and healthy,…
By Frank Tang NEW YORK | Fri Sep 14, 2012 1:57pm EDT (Reuters) – Gold rose to a six-month high on Friday, extending the previous session’s 2 percent rally after the U.S. Federal Reserve unleashed another round of aggressive stimulus. Platinum group metals gained sharply on supply worries due to mining unrest in South Africa and a…
By Barani Krishnan Thu Sep 13, 2012 8:04pm EDT (Reuters) – For commodity markets, the third iteration of U.S. central bank stimulus may play like many movie sequels — a familiar plot, a predictable rise, yet less potent than the original. But the Federal Reserve has introduced a new twist on its latest round of…
Friday, September 05, 2012 Stock Market Commentary: The major averages soared to fresh multi-year highs after the ECB announced a new bond buying program to help lower yields on troubled EU countries. From its summer low of 1266 the benchmark S&P 500 index has jumped a very impressive 13%. After such a strong move, it…
Published: Wednesday, 5 Sep 2012 | 2:09 PM ET Gold prices were slightly lower on Wednesday after testing the key $1,700 per ounce mark a day earlier as investors sat on the sidelines ahead of the European Central Bank meeting on Thursday. While not straying far from Tuesday’s near six-month high, prices were in a narrow…
Wed Sep 5, 2012 2:01pm EDT * Gold, silver both overbought – RSI * Platinum hits fresh 4-month high on South Africa fears * Market awaits ECB, U.S. payrolls data and Fed meeting By Josephine Mason and Maytaal Angel NEW YORK/LONDON, Sept 5 (Reuters) – Gold prices were slightly lower on Wednesday after testing the…
Fri Aug 31, 2012 3:42pm EDT * Commodities bellwether CRB rises 3 pct in Aug; up 3rd month in row * US crude leads gains, rising nearly 10 pct for month * Soybeans up 7 pct for Aug, cocoa 9 pct By Barani Krishnan NEW YORK, Aug 31 (Reuters) – Commodities rose broadly on…
By Chris Kelly and Susan Thomas NEW YORK/LONDON | Fri Aug 31, 2012 2:10pm EDT (Reuters) – Copper rose on Friday to end August with a monthly gain, after Federal Reserve Chairman Ben Bernanke said high unemployment is a “grave concern”, leaving investors hopeful for another round of government bond buying, or quantitative easing, or QE, from…
Friday, August 31, 2012 Stock Market Commentary: The benchmark S&P 500 index and Dow Jones Industrial average remain perched just below their recent 52-week highs as they pause to consolidate their recent two month rally. At this point, this appears to be a normal correction however, if the selling intensifies one should quickly adjust your…