Daily Top Story

Gold price: This Year September May Bring Fall
Posted 2014-08-21 09:59NAI Editing
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery – the most active contract – came under heavy selling pressure losing more than $20 to $1,274, a two month

WTI Oil Rises First Time in 3 Days on Inventory Drawdown
Posted 2014-08-20 09:38NAI Editing
West Texas Intermediate crude rose for the first time in three days as U.S. inventories declined more than expected last week.

Part-Time Workers a Full-Time Headache on Yellen Radar
Posted 2014-08-19 08:20NAI Editing
Federal Reserve Chair Janet Yellen has a stubborn warning light blinking on her labor market dashboard: A group of Americans larger than Washington state’s population can find only part-time work.

A New Round of Restructuring May Start for Miners
Posted 2014-08-18 09:37NAI Editing
A proposed spinoff by BHP Billiton Ltd. (BHP) of about $15 billion in assets signals the start of a new round of disposals as the biggest mining companies adapt to the end of a boom for commodities.

Paulson Maintains Stake in Gold ETF, while Demand from Various Sources
Posted 2014-08-15 05:56NAI Editing
Billionaire hedge fund manager John Paulson stuck with his holding in the biggest exchange-traded product backed by gold as prices rose quietly on increasing demand for a haven.

Brent Falls Fourth Day in Five on Economy; WTI Oil Drops
Posted 2014-08-14 09:55NAI Editing
Brent oil dropped for the fourth time in five days as the euro bloc’s economic recovery stalled. West Texas Intermediate decreased after U.S. crude stockpiles increased last week for the first time since June. Futures fell as much as 1.7 percent in London. Euro-area gross domestic product in the three months through June was unchanged from the first quarter, according to Eurostat, the European Union’s statistics office in Luxembourg. Libya will reopen its largest oil export port within days, the National Oil Corp. said. U.S. crude supplies rose 1.4 million barrels, Energy Information Administration data showed yesterday. “There’s growing concern about the European economy and what that will mean for fuel demand,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. “There are ample supplies here and throughout the Atlantic basin, which is weighing on both Brent and WTI.” Brent for September settlement, which expires today, fell $1.65, or 1.6 percent, to $102.63 a barrel on the London-based ICE Futures Europe exchange at 10:12 a.m. New York time. The more-active October contract dropped $1.69, or 1.6 percent, to $103.37. The volume of all futures traded was 11 percent above the 100-day average for the time of day. Output from OPEC’s 12 members climbed 300,000 barrels a day in July to a five-month high of 30.44 million a day, as Saudi Arabia raised production. WTI fo

World Awash in Oil Shields Markets From 2008 Price Shock
Posted 2014-08-13 08:39NAI Editing
Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices. Yet crude is falling. Six years ago, oil soared to a record $147 a barre

Nickel's 56% Rally Spurs Mine Restarts Amid Ore Ban
Posted 2014-08-12 07:14NAI Editing
Indonesia’s ban on nickel ore exports is resonating globally as prices climb to the highest since 2012, prompting companies from Avebury Nickel Mines Ltd. to Poseidon Nickel Ltd.

Oil Exploration off Canada’s East Coast Attracting Worldwide Interest
Posted 2014-08-11 08:38NAI Editing
Oil exploration off Canada’s East Coast is reaching fever pitch as oil companies warm up to the potential beneath the frigid waters near Newfoundland and Labrador and the Maritimes.

Oil Jumped while Gold fluctuated as U.S. Authorises Air Strikes in Iraq
Posted 2014-08-08 04:46NAI Editing
Oil and gold jumped after U.S. President Barack Obama authorised targeted air strikes in Iraq, stoking fears of another drawn-out conflict in the region.