|09-13-2014, 02:24 PM||#1|
Gold and crude watch their prices drop in New York
Gold dropped to an eight-month low on waning demand for the metal as a hedge against inflation while that the black gold is heading for a weekly loss amid concerns that global oil demand is slowing.
If truth be told as we saw yesterday Paris-based IEA cut its projection for demand growth in 2014 by 150,000 barrels a day because of weaker performance in China and Europe, forecasting that worldwide consumption will expand by 900,000 barrels a day to average 92.6 million.
Otherwise today a report showed that the country’s retail sales increased in August at the fastest pace since April, asserting a strong economic outlook for the second half of the year.
Retail sales rose a seasonally adjusted 0.6% in August, the Commerce Department said on Friday, and were in line with expectations by Bloomberg analysts.
Accordingly the gold is so far trading around $1223.30 an ounce recording a high of $1240.55 ounce and a low of $1227.40 an ounce and crude is trading around $92.25 a barrel recording a high of $93.65 a barrel and a low of $91.95 a barrel.
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|Gold plunge to a seven-month low and crude rebounded in New York||Hazem Ahlawy||Gold, Silver & Oil||0||09-12-2014 02:10 PM|
|Gold and crude plummet in New York on Chinese & U.S updates||Hazem Ahlawy||Gold, Silver & Oil||0||09-09-2014 01:56 PM|
|Gold is still trading near an 11-week low in New York||Hazem Ahlawy||Gold, Silver & Oil||0||09-05-2014 12:32 AM|
|Gold and crude plunge significantly in New York after manufacturing data||Hazem Ahlawy||Gold, Silver & Oil||0||09-03-2014 05:22 AM|
|Gold and crude consolidate on a calm day in New York||Hazem Ahlawy||Gold, Silver & Oil||0||08-26-2014 02:30 PM|