U.S. crude pared losses in afternoon trading after each fell more than $2 earlier, suggesting the low prices could be luring back traders, analysts said.
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Wednesday, 17 April 2013
BRENT CRUDE
Brent crude fell below $100 a barrel for the first time in nine months in heavy trading on Tuesday, extending losses triggered by data from China and the United States that suggested little growth in global oil demand.
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SPOT GOLD
Spot gold climbed $8.77 to $1,376.56 an ounce, having slipped to $1,321.35 on Tuesday, its weakest since early 2011.
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BRENT CRUDE
Spot gold climbed $8.77 to $1,376.56 an ounce, having slipped to $1,321.35 on Tuesday, its weakest since early 2011.
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GOLD
U.S. gold futures slipped more than 1 percent on Wednesday after investors dumped holdings of gold-backed exchange-traded funds and as the contract caught up with a recent sell-off in the cash market.
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Monday, 15 April 2013
LME COPPER
Three-month copper on the London Metal Exchange had risen to $7,435.50 a tonne by 0122 GMT, paring losses from the previous session.
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COPPER
London copper edged up on Monday on technical buying, but was within reach of 8-month lows after poor data spurred fears the U.S. recovery may be slowing and dragging on the global economy, with attention turning to a raft of Chinese data later in the day.
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U.S.CRUDE
U.S. crude for May delivery lost $2.22 a barrel to settle at $91.29 a barrel, up from an earlier low of $90.27 a barrel. The May contract closed below its 200-day moving average of $91.51 a barrel, a key technical indicator watched by traders.
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GOLD
Brent crude for May delivery fell more than $3 a barrel to hit a $101.09, the lowest prices since July. It recovered by more than $2 by the close, settling at $103.11 a barrel, down $1.16 on the day. Brent has fallen by around 13 percent since February as uncertainty about the strength of global demand has mounted.\
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Friday, 12 April 2013
COPPER
London copper fell on Friday but was set to close the week up by more than 2 percent on modest seasonal strength in consumer demand in China, but gains were capped by fitful growth prospects in Europe and the United States.
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