Commodities
Risk Aversion Sends Dollar Lower
The US dollar has felt the squeeze as global stock markets falter and oil continues to rise.
Fears over the US banking sector is blamed for the sell-off of equities, leading to a weakening dollar against the Yen and Euro.
The dollar has also been hit as commodities continue to rise, with oil hitting record highs and [...]
Dollar Strength On The Agenda
Yesterday early gains for the euro were negated when the dollar made a sharp recovery following comments by the Federal Reserve chariman, that reiterratted the Treasury Secretary Henry Paulson’s comments on the third of June following comments yesterday from Federal Reserve chairman Ben Bernanke, the dollar pulled back euro gains from earlier in the day. [...]
Long-term Investment with ETFs
Beating inflation is an important factor to become a successful investor. In the tougher economic conditions in the final quarter of 2007 through into 2008 Central Banks, retail banks, equity brokers and the worlds top exchanges are feeling the squeeze. High street retailers in the UK and US are under pressure as the price of [...]
Oil Rise Leads to Gold Hedging Gains
The rising price of oil sent gold prices up in London. The demand for gold as an inflationary hedge led to rising prices on the commodities market.
Gold is joined by other precious metals seeing a rise in demand with prices rising for platinum, palladium and silver. With oil trading within one percent of $120/bbl, precious [...]
Gold Advances As Hedge
Traders saw a rise in the value of gold, silver and precious metal stocks. The weakening US dollar led to traders investing in gold as a way to hedge against the currency downturn.
Gold made it’s third straight quarterly gain, making it a consistent hedging commodity during times of market volatility and the general economic downwards [...]
Gold May Rebound With US Economy Slowing
The slowing US economy may lead to higher Gold prices as the Federal Reserve lowers interest rates.
Gold is typically a commodity that becomes more appealing during times of economic slow-down or as a means of risk aversion.
“Eighteen of 31 traders, investors and analysts surveyed by Bloomberg advised buying gold, which fell 1.8 percent last week [...]
Gold Rises
Futures traders took Gold higher as investors looked to alternatives to the US dollar.
Gold rallied 31 percent in 2007 as the Federal Reserve cut the benchmark interest rate.
It is expected that Gold will rally if the European Central Bank keeps the benchmark interest rate unchanged tomorrow.
A Look At The Chart
A look at the GDX chart [...]
Crude Oil Price Falls
Data figures released in the US showed a slow-down in the US service industry for January.
The result of weak US service sector figures suggests a slow-down in the US economy as well as a reduction in energy demands.
Crude oil fell over $1 a barrel after the report was released. James Ritterbusch, president of Ritterbusch & [...]
Gold Reaches New High
Gold reached an all-time high Friday 25th January when it passed $920 a troy ounce. The price spike was seen due to a South African power shortage that temporarily halted mining in the country.
The halt is a safety precaution, as the mines rely on the power supply to extract water from deep mine shafts, as [...]
Fed Emergency Interest Rate Cut
The Federal Reserve cut the interest rate from 4.25% to 3.5% after a second day of miserable trading.
Stocks plunged in Asia for a second day, which led on into UK and US markets. The Fed made a 0.75% rate cut to help ward off the increasing signs of recession. “Policy makers weren’t scheduled to gather [...]
