Tag Archives: commodities news

Oil falls on US budget worries

Commodities traded lower on Tuesday, being weighed down by the US budget impasse. There is increasing concerns due to the slow progress in negotiations to reach a deal to avert the so-called “fiscal cliff". There is  less than a month left before $600 billion in automatic budget measures kick in on January 1st, 2013. Republicans handed a proposal to the White House on Monday for steep...

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December 4, 2012 @ 9:33 pm

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Oil falls on US budget worries

Commodities traded lower on Tuesday, being weighed down by the US budget impasse. There is increasing concerns due to the slow progress in negotiations to reach a deal to avert the so-called “fiscal cliff". There is  less than a month left before $600 billion in automatic budget measures kick in on January 1st, 2013. Republicans handed a proposal to the White House on Monday for steep...

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December 4, 2012 @ 9:33 pm

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Gold trades lower after failure to reach Greek aid deal

Gold dipped early on Wednesday due to a firmer dollar after disappointing news that Greece's lenders failed to conclude a debt deal at the Eurogroup meeting on Tuesday. Many had been expecting the agreement to release the next aid trance to be struck at the meeting. However, the European finance ministers instead decided to hold another meeting to finalize matters on November 26. Spot gold...

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November 21, 2012 @ 2:53 pm

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Gold trades lower after failure to reach Greek aid deal

Gold dipped early on Wednesday due to a firmer dollar after disappointing news that Greece's lenders failed to conclude a debt deal at the Eurogroup meeting on Tuesday. Many had been expecting the agreement to release the next aid trance to be struck at the meeting. However, the European finance ministers instead decided to hold another meeting to finalize matters on November 26. Spot...

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November 21, 2012 @ 2:53 pm

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