Category: Gold and Commodities

Stocks Rise After Bank Sale Fuels Investor Risk Appetite

LONDON—Global stocks rose and the dollar eased on Tuesday, after a deal backed by the U.S. regulator for First Citizens BancShares to buy up Silicon Valley Bank soothed some of the recent concern about the health of the banking sector. U.S. banking regulators said on Monday they planned to tell Congress that the overall financial…


Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 27)

Benchmark U.S. crude oil for May delivery rose $3.55 to $72.81 a barrel Monday. Brent crude for May delivery rose $3.13 to $78.12 a barrel. Wholesale gasoline for April delivery rose 9 cents to $2.68 a gallon. April heating oil rose 7 cents to $2.77 a gallon. April natural gas fell 13 cents to $2.09…


Diversifying Into Multiple Precious Metals

Most financial advisors understand that you should not over-invest in a single sector of the economy. Instead, you should divide your investments across asset classes to prevent a total wipeout of your portfolio due to a single economic event. Gold, silver, platinum, and palladium are four of the most traded precious metals. However, you can…


Wall Street, Banks Rise After SVB Sale to First-Citizens

U.S. futures shot higher early Monday, with bank stocks mostly gaining after the Federal Deposit Insurance Corp. said it had agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. Futures for the Dow Jones Industrial Average and S&P 500 each climbed 0.8 percent early Monday. The FDIC…


Oil Gains Some Ground as Investors Assess Banks, Russia

LONDON—Oil prices rose on Monday as investors assessed efforts by authorities to rein in concerns over the global banking system while Russian President Vladimir Putin’s plans to place tactical nuclear weapons in Belarus ratcheted up tensions in Europe. Brent crude futures were up 30 cents, or 0.4 percent, to $75.29 a barrel at 0900 GMT….


Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 24)

Benchmark U.S. crude oil for May delivery fell 70 cents to $69.26 a barrel Friday. Brent crude for May delivery fell 92 cents to $74.99 a barrel. Wholesale gasoline for April delivery fell 2 cents to $2.59 a gallon. April heating oil rose 2 cents to $2.70 a gallon. April natural gas rose 7 cents…


Wall Street Falls as Bank Contagion Fears Flare Up

Wall Street’s main indexes fell on Friday as investors fled from risky assets on growing concerns that a contagion in the banking sector had not been fully averted despite assurances from key officials. Treasury Secretary Janet Yellen said late on Thursday afternoon that measures will be taken to keep Americans’ deposits safe, but that did…


Oil Falls as US Holds Off Refilling Strategic Reserve

Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. Brent crude fell 34 cents, or 0.45 percent, to $75.57 a barrel by 0412 GMT, while U.S. West Texas Intermediate crude futures slipped 32 cents,…


World Shares Fall on Banking Turmoil, Recession Worries

BANGKOK—Shares fell Friday in Europe and Asia as worries over turmoil in the banking sector and recession risks overshadowed gains on Wall Street. Benchmarks declined in most major markets, while U.S. futures were higher. Oil prices fell. Investors are worried that more banks might suffer a debilitating exodus of customers following the second- and third-largest…


Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 23)

Benchmark U.S. crude oil for May delivery fell 94 cents to $69.96 a barrel Thursday. Brent crude for May delivery fell 78 cents to $75.91 a barrel. Wholesale gasoline for April delivery rose 2 cents to $2.61 a gallon. April heating oil fell 6 cents to $2.68 a gallon. April natural gas fell 2 cents…