Category: Gold and Commodities

Global Stocks Fall Amid Fears About Faster Rate Hikes

TOKYO—Global shares were mostly lower Wednesday as investors fretted that the Federal Reserve might raise interest rates faster if the pressure stays high on inflation. France’s CAC 40 shed 0.2 percent to 7,325.65 in early trading. Britain’s FTSE 100 dipped 0.3 percent to 7,898.54. Germany’s DAX inched down less than 0.1 percent to 15,555.97. U.S….


‘Never Been in Dispute’: Sold Gold Bars Were 99.99 Percent in Purity, Says Perth Mint

Australia’s official bullion mint, Perth Mint, says there was “no question” about the gold value and purity of its gold bars sold to Chinese customers, which indisputably contained at least 99.99 percent gold “at all times.” It comes in response to an investigation by the Australian Broadcasting Corporation (ABC), which found the mint may need…


Perth Mint Explains Gold Doping Dispute

Australia’s official bullion mint, Perth Mint, says there was “no question” about the gold value and purity of its gold bars sold to Chinese customers, which indisputably contained at least 99.99 percent gold “at all times.” It comes in response to an investigation by the Australian Broadcasting Corporation (ABC), which found the mint may need…


Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 7)

Benchmark U.S. crude oil for April delivery fell $2.88 to $77.58 a barrel Tuesday. Brent crude for May delivery fell $2.89 to $83.29 a barrel. Wholesale gasoline for April delivery fell 10 cents to $2.70 a gallon. April heating oil fell 9 cents to $2.80 a gallon. April natural gas rose 12 cents to $2.69…


Oil Steady as Market Juggles Supply and Demand Fears

LONDON—Oil prices were little changed on Tuesday after five sessions of gains, with weak oil data from top crude importer China balanced by concern over supply. Brent crude futures fell 22 cents, or 0.26 percent, to $85.96 a barrel by 1043 GMT. U.S. West Texas Intermediate crude was down 16 cents, or 0.2 percent, at…


Global Shares Mixed as Investors Watch Fed Moves, Inflation

TOKYO—Global shares were mixed in muted trading Tuesday as investors tried to digest a slew of economic data and awaited moves by the U.S. Federal Reserve. France’s CAC 40 fell 0.1 percent in early trading to 7,363.24. Germany’s DAX added nearly 0.1 percent to 15,659.63. Britain’s FTSE 100 edged up less than 0.1 percent to…


Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 6)

Benchmark U.S. crude oil for April delivery rose 78 cents to $80.46 a barrel Monday. Brent crude for May delivery rose 35 cents to $86.18 a barrel. Wholesale gasoline for April delivery rose 5 cents to $2.80 a gallon. April heating oil fell 2 cents to $2.89 a gallon. April natural gas fell 44 cents…


How Much Is a Pound of Gold Worth?

For years, the precious metals market has attracted many individuals looking to diversify their investment portfolios and secure financial freedom by purchasing and selling gold, silver, and more. Gold products, in particular, remain the most popular among investors, as this precious metal has unmatched durability, impressive resistance to corrosion, and a historical value that dates…


World Stocks Gain After Wall Street Has Best Day in 6 Weeks

BANGKOK—Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Germany’s DAX gained 0.4 percent to 15,644.08 and the CAC 40 in Paris was up 0.7 percent at 7,397.31. London’s FTSE 100 edged 0.1 percent lower to 7,941.38. The…


Oil Down on China Outlook, Spotlight on Powell Testimony

Oil prices slipped on Monday after China set a lower-than-expected target for economic growth this year at around 5 percent, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell’s testimony this week. Brent crude futures were trading down 53 cents, or 0.6 percent, at $85.30 a barrel at 0735 GMT. U.S. West Texas…