Gold resumes rally, pushing further past $1,400

2019-06-24

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the Federal Reserve and other central banks. August gold GCQ19, +0.49% GCQ19, +0.49% rose $7.50, or 0.5%, to $1,407.60 an ounce, moving as high as $1,414.80 anRead More →

Gold taps $1,400 for the first time since 2013

2019-06-20

Gold continued to push to new highs on Friday, moving past the $1,400-an-ounce level for the first time since 2013 as investors bet on easier monetary policy from the Federal Reserve and other central banks. August gold GCQ19, +0.13% GCQ19, +0.13% rose as high as $1,409.10 an ounce, before movingRead More →

Home builders are a buy again, says Wedbush

2019-06-16

Bloomberg Lennar Corp. signage is displayed outside a sales office at the Creeks of Legacy development in Prosper, Texas. As low mortgage rates bolster demand and the economy remains supportive, homebuilder stocks are now the preferred proxy for housing market demand for analysts at Wedbush, according to a note publishedRead More →

Crude prices slide on signs of rising U.S. inventories

2019-06-12

Crude prices fell Wednesday after a report on U.S. crude supplies indicated a sharp jump in inventory, ahead of official data from the Energy Information Administration later. West Texas Intermediate crude for July delivery CLN19, -2.55%  fell 89 cents, or 1.7%, to $52.39 a barrel on the New York MercantileRead More →

AAA forecasts a decline in summer gas prices

2019-06-05

The summer driving season has just begun, but gasoline prices at the pump may be ready to drop following steep declines in the price of crude oil. In a report released Thursday, motorist and leisure travel group AAA said drivers may have already seen the highest prices of the yearRead More →

Gold prices see muted trade as stocks attempt tepid bounce

2019-05-30

Gold futures on Thursday were swinging between slight gains and losses as equity markets drifted higher amid persistent worries about U.S.-China trade tensions and fears of sluggish global economic growth. Gold for August delivery on Comex GCM19, +0.40% most recently, was down $1.30, or 0.1%, to trade at $1,285 anRead More →

Gold and silver advance, tracking weaker stocks

2019-05-29

Gold and silver futures regained positive ground Wednesday, inversely tracking weaker trade for stocks and other so-called risk-on markets. Gold for June delivery on Comex GCM19, +0.42%  rose $4.80, or 0.4%, to $1,281.90 an ounce, while July silver SIN19, +0.77%  gained 12 cents, or 0.82%, to $14.440 an ounce, crawlingRead More →

OPEC considers two scenarios to adjust oil production

2019-05-18

JEDDAH, Saudi Arabia—The Organization of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions. If the group ultimately chooses to increase production, there’s a hitch: The cartel’s internal simulationsRead More →