Monthly Archives: November, 2010
TOP Oil Market News: Crude rises to one-week high, OPEC output
The following is a selection of the most important news affecting the oil market. Oil rises to one-week high after U.S. jobless claims decline Oil rose to their highest in more than one week, extending gains from yesterday as traders bet a bigger than expected drop in U.S. jobless claims reported economic growth accelerates in [...]
Gas prices are not following routine
After gas prices rose strongly in 2008, A.J. Bryant said he used to pay more at the pump and budgeting accordingly. So he said he did not notice that gas prices in Jackson and elsewhere in the unusual position of now higher than in summer, when prices usually reach their peak a year. “There is [...]
MCX Gold prices fall on profit booking
AHMEDABAD – MCX Gold December contract prices eased on Wednesday after gaining force for two consecutive days as the U.S. reported better than expected unemployment claims and consumer spending numbers. MCX Gold December contract witness some weakness at higher levels and investors turned to profit booking at higher levels. MCX Gold December contract tested the [...]
Gold may climb on speculation a weaker dollar will add to the demand for investment
Gold may climb in New York on speculation a deal for Irish banks will curb spread of the debt crisis and help to rescue a weakening dollar. The euro previously acquired for fourth day against the dollar after European Union finance ministers said the deal will be a fund for Ireland to create the lenders. [...]
Gold bubble expands as ETPs Hold 9 years production in the U.S.
Gold 23 percent increase this year a record, shows no deterrent to George Soros, John Paulson and Paul Touradji, with investment signal more profits for the longest winning streak in at least nine decades. Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co and Touradji Capital Management LP included [...]