Thu Jul 26, 2012 12:31pm EDT By Frank Tang * ECB’s Draghi comment to rescue euro zone underpins * Gold briefly above 100 DMA, seen near inflection point * SPDR Gold Trust posts outflow (New details throughout, updates comment, changes byline, dateline, previously LONDON) By Frank Tang NEW YORK, July 26 (Reuters) – Gold rose…
Fri Jul 20, 2012 4:45pm EDT * Investors covered shorts on Bernanke put * Decreased net longs in silver in week to July 17 By Frank Tang July 20 (Reuters) – Hedge funds and money managers sharply cut their net short position in U.S. copper futures and options in the week to July 17, as investors covered their short…
Thu Jul 19, 2012 12:38pm EDT * Gold up following two days of losses on Fed outlook * Rally in crude oil, dollar’s drop help By Frank Tang NEW YORK, July 19 (Reuters) – Gold rose 1 percent on Thursday after two days of losses, lifted by a drop in the dollar and a rally…
By MATT JARZEMSKY 07.06.12 Even in a shaky stock market, the blue chips are holding up. After the Dow Jones Industrial Average dove more than 150 points, or 1.3%, by midday Friday, Johnson & Johnson (JNJ) and American Express Co. (AXP) were still close to joining a growing club–blue chips trading at all-time highs. Seven Dow…
TOP NEWS Oil, stoked by Iran talk, leads near-record rally Tue, Jul 03 18:54 PM EDT By Barani Krishnan and Eric Onstad NEW YORK/LONDON (Reuters) – Commodity markets shot higher for the second time in three days on Tuesday, with oil prices leading the way as they posted one of their biggest, broadest rallies ever…
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By Barani Krishnan Fri Jun 29, 2012 8:37pm EDT (Reuters) – Hedge funds largely missed an early opportunity to profit from the biggest commodities rally of 2012 as they barely raised their investments in the sector in the week before the run-up, except in agriculture, data on Friday showed. Crude oil prices jumped 9 percent…
By Chris Kelly and Eric Onstad NEW YORK/LONDON | Thu Jun 28, 2012 2:03pm EDT (Reuters) – Copper fell for the first time in four days on Thursday, on track for its worst quarterly performance since Q3 2011, as global growth prospects dimmed largely on the back of Europe’s spiraling debt crisis. Volumes slowed as pessimistic investors took to the…
Thu Jun 28, 2012 3:14pm EDT * US crude ends below $78 amid doubts about EU summit * Copper down too, heads for worst quarter since Q3 2011 * Gold slips 1.6 pct on day on signs of no Europe stimulus By Barani Krishnan NEW YORK, June 28 (Reuters) – Oil prices fell by up…
Stocks Hammered by Eurozone Worries NEW YORK (TheStreet) — Stocks were hammered Monday as investors fled riskier assets on concerns about Europe’s ability to address its escalating debt problems. The latest batch of worrisome headlines from across the pond included Cyprus reportedly asking for a bailout, the resignation of Greece’s finance minister and Spain making…