November 2014

Gold Prices Fall for 4 Straight Sessions

Gold prices continued to decline on Nov. 3, falling for the fourth consecutive session.

Gold nears $1,160 an ounce

December contracts for the precious metal dropped to as little as $1,161 per ounce during the day, later trending higher to reach $1,169.80 at 1:47 p.m. on the Comex in New York, according to Bloomberg. The fact that the commodity moved lower for the fourth day in a row meant it suffered its longest decline since Sept. 12.  Read more

Gold Trades Near Four-Year Low

Gold prices were seen trading lower on Tuesday, falling to a four-year low on forecasts that the US dollar will strengthened on the monetary policy.

The yellow metal is expected to have its first back-to-back retreat since 2000, according to analysts.

Gold for immediate delivery gained 0.2% to $1,167.39 an ounce, according to Bloomberg generic pricing. The yellow metal fell to $1,161.35 on Friday, the lowest since July 2010. Gold for December delivery declined 0.3% to $1,166.70 on the Comex in New York.  Read more

Stock Market Report 4th November

Asia Stock

Stocks in the Asia were seen trading higher on Tuesday, with Japanese markets leading gains on the weaker yen after returning from a three-day weekend. The Japanese yen weakened after the Bank of Japan (BOJ) announced an unexpected increase in its monetary-easing program.

The Japanese Nikkei 225 index advanced 3.5% to 16,987.59 points during the early hours of trading, while Tokyo’s Topix index rose 3.2% to 1,376.60 points.  Read more

Stock Markets Report 3rd November

Asian Stock

Asian markets were seen swinging in between losses and gains on Monday after the Bank of Japan announced an unexpected increase in its monetary-easing program.

The Japanese market were shut on Monday in celebration of Culture Day as the Japanese yen fell to a seven-year low of 112.97 yen against the US dollar. BOJ policymakers voted to expand the country’s monetary base to 80 trillion yen annually from the current 60-70 trillion.

The BoJ also cut down its inflation rate projections to 1-1.4% for the 2014 fiscal year from the previous forecast of 1-1.7%.   Read more

Oil Prices Slightly Higher amid Mixed Europe PMI Figures

Oil prices cleared some losses on Monday as major economies in Europe reported manufacturing Purchasing Managers’ Indices (PMI).

Futures for the North American West Texas Intermediate (WTI) added $80.21 per barrel on the New York Mercantile Exchange at the time of writing, while the European benchmark Brent crude for December settlement declined 0.5% to $85.41 a barrel on the ICE Futures Europe exchange based in London.  Read more