3:29pm EST 3.5.12 By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) – Gold fell on Monday, dropping with equity markets after China cut its economic growth targets, and the precious metal could pull back further if it fails to hold key support after last week’s sharp sell-off. Bullion fell 1 percent after China, viewed by many…
Thu Mar 1, 2012 4:19pm EST * Gold climbs 5 percent in heavy volume * U.S. natural gas tumble nearly 6 pct * Copper up more than 1 pct in thing dealings * CBOT wheat and corn fall on profit-taking By Marcy Nicholson NEW YORK, March 1 (Reuters) – Gold rebounded above $1,700 an ounce…
METALS-Copper slips from 2-wk high after Bernanke speaks Wed Feb 29, 2012 2:22pm EST * Bearish Fed comments erode early copper rally * Copper prices post 2nd straight monthly gain * U.S. 4th quarter economic growth revised up * Coming up: Chinese manufacturing PMI Thursday By Chris Kelly and Harpreet Bhal NEW YORK/LONDON, Feb 29…
By Frank Tang and Jan Harvey NEW YORK/LONDON | Mon Feb 27, 2012 3:48pm EST (Reuters) – Gold prices eased on Monday, as a weaker euro and oil’s retreat halted the metal’s attempt to test technical resistance at above $1,800 an ounce following last week’s sharp rally. Bullion was pressured by lingering economic uncertainty after leading economies told Europe…
Tue Feb 21, 2012 3:17pm EST * Copper rallies over 3 pct, breaks 200-day moving average * Market could rise to $3.9 per lb in short term – traders * Concerns about Chinese demand remain By Josephine Mason and Harpreet Bhal NEW YORK/LONDON, Feb 21 (Reuters) –…
Instant view: NY Fed manufacturing growth highest in 1-1/2 years Wed, Feb 15 2012 NEW YORK (Reuters) – A gauge of manufacturing in New York State picked up in February to its highest level in more than 1-1/2 years, though the pace of new orders slowed, the New York Federal Reserve said in a report…
Gold ekes out gain but technical selling weighs By Frank Tang and Jan Harvey 1.13.12 NEW YORK/LONDON (Reuters) – Gold managed to end with a small gain in light volume on Monday, as technical selling and a fizzled euro rally offset bullion’s initial gains after Greece’s parliament passed austerity measures needed to secure an international bailout package….
NEW YORK: 2.10.12 US crude oil futures ended a volatile week higher with prices looking like they would aim for a key upside target, but instead pulled back on Friday to the middle of their three-month range, while still setting up for a future advance. After three consecutive higher settlements, and many gyrations over the…
Copper surged nearly 3% to its priciest level in one week high on Friday driven by strong labor market and services sector data from the United States that reinforced confidence about the pace of recovery in the economy. The economically sensitive base metal rallied alongside a sharp move in global equities, that propelled the Nasdaq…
Copper surged nearly three per cent to its priciest level in one week high on Friday, driven by strong labour market and services sector data from the United States that reinforced confidence about the pace of recovery in the economy. The economically-sensitive base metal rallied alongside a sharp move in global equities, that propelled the…