Oil prices carried over a bullish tone from last week after Tropical Storm Barry shut down almost three-quarters of U.S. Gulf of Mexico production over the weekend.
Futures in New York were up slightly, after gaining 4.7% last week. Barry weakened to a tropical depression Sunday, with some producers preparing to re-staff their offshore platforms. As of Sunday, Barry caused nearly 73% of crude oil production in the gulf to shut, up from 70% the day before, the Bureau of Safety...
Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the world™s second-largest economy.
Spot gold was flat at $1,415.34 per ounce as of 0100 GMT.
U.S. gold futures were up 0.3% at $1,416.50 an ounce.
Source : Reuters
Gold futures edged higher on Monday, settling at their highest in almost two weeks as prices extended recent gains scored on the back of expectations for a U.S. Federal Reserve interest-rate cut at the end of the month.
Gold for August delivery on Comex added $1.30, or about 0.1%, to settle at $1,413.50 an ounce. That™s the highest most-active contract settlement since July 3, which saw a finish at $1,420.90”the highest since May 2013, FactSet data show. September silver also rose 12.9...
Gold prices were little changed on Monday in Asia after data showed China™s second-quarter growth data slowed to a 27-year low but matched expectations.
Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT).
The prices of the safe-haven asset was little changed after the release of a slew of China data this morning.
The country™s GDP growth slowed to 6.2% year-on-year in the...
Wall Street traders and analysts are undecided or else look for gold prices to be sideways this week, while Main Street remained bullish, according to the weekly Kitco News gold survey.
The largest block of Wall Street voters were in the neutral/sideways camp, while the rest were nearly evenly split between bulls and bears. This was the first time Wall Street was not bullish since May 10, when the professionals were also neutral.
Sixteen market professionals took part in the Wall Street...