Tag Archives: commodities

Oil prices reverse gains after disappointing US data

Oil prices fell from a  six-week high after disappointing US economic data showed manufacturing activity slowed to a three-year low. The weak data reversed earlier risk appetite which arose after data early on Monday showed that China manufacturing activity had picked up for the first time after a slowdown of seven quarters. The weak US data took away the momentum as the world’s largest...

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December 3, 2012 @ 9:54 pm

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Oil prices reverse gains after disappointing US data

Oil prices fell from a  six-week high after disappointing US economic data showed manufacturing activity slowed to a three-year low. The weak data reversed earlier risk appetite which arose after data early on Monday showed that China manufacturing activity had picked up for the first time after a slowdown of seven quarters. The weak US data took away the momentum as the world’s largest...

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December 3, 2012 @ 9:54 pm

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Gold ends week lower

Gold ended the week lower, after dropping 2.6 percent from a high of $1,751 down to $1,705. Just on Friday prices dropped nearly $17 an ounce, as the precious metal is hurt by uncertainty over the fiscal cliff. Washington’s negotiations continue to influence investor sentiment. The “gold market is concerned there will not be a solution” to the fiscal cliff. Meanwhile the stronger...

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November 30, 2012 @ 9:17 pm

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Gold ends week lower

Gold ended the week lower, after dropping 2.6 percent from a high of $1,751 down to $1,705. Just on Friday prices dropped nearly $17 an ounce, as the precious metal is hurt by uncertainty over the fiscal cliff. Washington’s negotiations continue to influence investor sentiment. The “gold market is concerned there will not be a solution” to the fiscal cliff. Meanwhile the stronger dollar...

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November 30, 2012 @ 9:17 pm

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