October 2014

Crude Declines as Supply Seen Rising

Crude oil continued to extend losses on Tuesday as the global oversupply worries continues to weigh on the demand for the commodity.

Prices for the North American West Texas Intermediate (WTI) for December delivery fell 0.51% to $80.59 per barrel on the New York Mercantile Exchange, while futures for the European benchmark Brent crude for December settlement traded 0.68% lower to $85.25 per barrel on the London-based ICE Futures Europe exchange.  Read more

Stock Markets Report 28th October

Stocks in Asia fell on Tuesday, tracking losses from Wall Street seen overnight as the Federal Open Market Committee (FOMC) concludes its two-day policy meeting.

Analysts are expecting the central bank to announce the end to its monetary easing program by eliminating its remains $15 billion worth of monthly asset purchases and keeping its key interest rate unchanged at 0.25%.  Read more

Gold Remains Steady; Fed-Meeting in Spotlight

Gold prices remained steady on Monday as investors weighed on the reduced demand for the yellow metal as a safe-haven asset, while the spotlight is on the Federal Reserve (Fed) meeting scheduled to begin on Tuesday.

The yellow metal dropped to a one-week low of $1,226.43 an ounce on Thursday as the US dollar and global equities strengthened.

Gold for immediate delivery slid 0.1% lower to $1,229.88 an ounce, according to the Bloomberg generic pricing, while the yellow metal futures for December delivery lost 0.07% to $1,230.90 per ounce on the Comex in New York. Silver futures for immediate delivery lost 0.10% to trade at $17.165 per ounce in London. Platinum gained 0.3% to $1,254 an ounce, while the Platinum ETP holdings declined to 83.5 metric tons on Oct 24.  Read more