Category: Gold and Commodities

World Shares Mixed After Tech Gains Power Wall Street Rally

BANGKOK—World stocks were mixed Tuesday after a Wall Street rally driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation. Germany’s DAX edged 0.1 percent lower to 15,086.68 while the CAC 40 in Paris gained 0.2 percent to 7,024.63….


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

Benchmark U.S. crude oil for March delivery fell 2 cents to $81.62 a barrel Monday. Brent crude for March delivery rose 56 cents to $88.19 a barrel. Wholesale gasoline for February delivery rose 5 cents to $2.70 a gallon. February heating oil rose 8 cents $3.55 a gallon. February natural gas rose 27 cents to…


Why Buy Gold? Benefits of Gold Investments

Gold is historically one of the most important precious metals in the world and is well known for its value and prestige. Gold is also an appealing investment vehicle, but as with any investment, research is essential. Understanding the benefits and risks of buying gold will help you decide whether it’s the right option. Why…


World Shares Up, Many Asia Markets Closed for Lunar New Year

BANGKOK—Shares were higher Monday in Europe and in Asia, where most markets were closed for the Lunar New Year holiday. Germany’s DAX edged 0.1 percent higher, to 15,058.49 while the CAC 40 in Paris also gained 0.1 percent to 7,002.30. Britain’s FTSE 100 added 0.2 percent to 7,786.30. The future for the S&P 500 lost…


Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 20)

Benchmark U.S. crude oil for February delivery rose 98 cents to $81.31 a barrel Friday. Brent crude for March delivery rose $1.47 to $87.63 a barrel. Wholesale gasoline for February delivery rose 5 cents to $2.65 a gallon. February heating oil rose 9 cents $3.47 a gallon. February natural gas fell 10 cents to $3.17…


Ark’s Wood Remains Bullish on Tesla, Says Oil Stock Rally ‘Defying Logic’

NEW YORK—Star stock picker Cathie Wood of Ark Invest suggested the rally in energy stocks will soon end and reiterated her bullish view on electric vehicle maker Tesla Inc. in a webinar on Thursday. Wood, whose $6.8 billion ARK Innovation Fund is up 15 percent for the year to date, was badly bruised last year…


Oil Heads for 2nd Week of Gains on China Demand Outlook

LONDON—Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost to fuel demand in the world’s second-biggest economy. The lifting of COVID-19 restrictions in China is set to increase global demand to a record high this year, the…


World Markets Rise After Recession Fears Pull Wall Street Lower

BEIJING—Shares were higher in Europe and Asia on Friday after Wall Street declined on worries that the U.S. economy is headed for recession. U.S. futures were little changed while oil prices advanced. Traders worry the Federal Reserve and central banks in Europe and Asia that have raised interest rates to cool economic activity and inflation…


Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 19)

Benchmark U.S. crude oil for February delivery rose 85 cents to $80.33 a barrel Thursday. Brent crude for March delivery fell $1.18 to $86.16 a barrel. Wholesale gasoline for February delivery rose 8 cents to $2.60 a gallon. February heating oil rose 12 cents $3.38 a gallon. February natural gas fell 3 cents to $3.28…


Oil Slips on Bearish US Data, Crude Stocks Build

LONDON—Oil futures fell by about 1 percent on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. Brent crude futures lost 65 cents, or 0.8 percent, to $84.33…