Commodities News

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  • US GDP surprises on the positive side

    Thursday 28 Aug 2008

    US Gross Domestic Product grew faster than expected in the second quarter, driven by buoyant exports and the benefits of the government’s tax stimulus package.

  • Commodities: Oil firms on tropical storm fears

    Thursday 28 Aug 2008

    Worries that Tropical Storm Gustav may gain in strength and disrupt operations in the Gulf of Mexico bolstered the price of oil Wednesday.

  • US Durable Goods orders unexpectedly strong

    Wednesday 27 Aug 2008

    The US economy got an unexpected but welcome lift as US durable goods orders rose faster than expected in July, thanks to strong demand for transport equipment.

  • Commodities: Hurricane Gustav concern lifts oil

    Wednesday 27 Aug 2008

    Crude oil rose Tuesday as hurricane Gustav threatened oil production in the Gulf of Mexico although weakening demand and the strengthening dollar kept prices off an earlier session high.

  • US home sales data disappoints

    Tuesday 26 Aug 2008

    Sales of new US homes rose less than expected in July as the housing slump continues Stateside.

  • German business and consumer sentiment down

    Tuesday 26 Aug 2008

    Fears that Europe’s biggest economy could fall into recession were heightened today after both the German consumer and business sentiment fell more-than-expected, while the government confirmed the economy shrank in the second-quarter.

  • Commodities: Crude higher after volatile session

    Tuesday 26 Aug 2008

    Oil prices experienced a volatile session Monday with US light crude oil for October delivery settling up 52 cents at $115.11 per barrel on the New York Mercantile Exchange.

  • Commodities: Oil back above $120 a barrel

    Friday 22 Aug 2008

    The price of crude oil was back above $120 a barrel in trading on the New York Mercantile Exchange as tensions between the USA and Russia escalated.

  • Commodities: Oil higher after volatile session

    Thursday 21 Aug 2008

    Oil prices closed higher after a volatile session which saw crude hit a high of $117 a barrel then tumble below $114 after weekly government supply data showed a bigger than expected increase in crude inventories.

  • US mortgage application index drops 1.5%

    Wednesday 20 Aug 2008

    US mortgage applications declined by 1.5% last week despite a drop in interest rates.

  • Commodities: Tropical Storm Fay pushes oil higher

    Wednesday 20 Aug 2008

    Oil prices closed higher Tuesday, snapping its three-day decline, on worries about the impact of Tropical Storm Fay on production in the Gulf of Mexico.

  • US housing starts fall to 17 year low

    Tuesday 19 Aug 2008

    The US housebuilding industry remains in a bad way after latest figures showed housing starts at their lowest level since March 1991.

  • US producer prices jolt

    Tuesday 19 Aug 2008

    Inflation fears were fanned by US Producer Prices data for July, which showed wholesale prices rising twice as fast as expected.

  • Technical Analysis: Gold and Platinum not so shiny

    Tuesday 19 Aug 2008

    Over the past 12 months the precious metals markets have seen large amounts of volatility, with the biggest movers being gold and platinum.

  • Commodities: Oil falls on demand concerns

    Tuesday 19 Aug 2008

    Crude oil settled lower again Monday as worries about Tropical Storm Fay disrupting installations in the Gulf of Mexico eased.

  • Commodities: Oil falls as dollar rises

    Monday 18 Aug 2008

    Oil prices settled lower Friday as concerns about falling demand and the rising dollar weighed on the black gold.

  • Commodities: Oil surrenders early gains

    Friday 15 Aug 2008

    Concerns about global demand for oil had crude oil prices relinquishing earlier rises Thursday.

  • Technical analysis - Gold loses lustre

    Thursday 14 Aug 2008

    The break of key support for gold at $845 that was highlighted as a possibility on Monday occurred, and was followed by a sharp sell-off hitting a low of $803.

  • US inflation rises fastest in 17 years

    Thursday 14 Aug 2008

    Inflation rose at its fastest for more than 17 years in the US last month and much more than analysts had expected, official figures revealed Thursday.

  • Commodities: Oil up $3 on supply concern

    Thursday 14 Aug 2008

    Crude oil managed decent gains Wednesday, settling nearly $3 higher, after a weekly government report sparked concern about declining supplies.

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