Analytics, News, and Forecasts for CFD Markets: raw news — 01-04-2014.

West Texas Intermediate fell on speculation that U.S. inventories increased for an 11th week, and as a gauge of U.S. manufacturing rose less than expected. Brent slipped.

WTI dropped as much as 1 percent. Stockpiles may have climbed 2.5 million barrels last week, according to a Bloomberg survey before a government report scheduled for release tomorrow. The Institute for Supply Management’s index reached 53.7 in March, lower than the 54 forecast in a Bloomberg survey. A separate report showed weakness in Chinese manufacturing.

“All the news is bearish today,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “The manufacturing data is not supportive and we are expecting another build in inventories.”

WTI for May delivery declined 87 cents, or 0.9 percent, to $100.71 a barrel at 10:12 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 18 percent below the 100-day average. Prices dropped 1 percent in March.

Brent crude for May settlement slid 60 cents, or 0.6 percent, to $107.16 a barrel on the London-based ICE Futures Europe exchange. Volume was 25 percent below the 100-day average. The European benchmark was at a $6.45 premium to WTI after closing at $6.18 yesterday.

Gold prices fell to a minimum of seven weeks due to the outflow of investments backed by gold exchange-traded funds in riskier assets .

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Monday fell by 3.89 tons to 813.08 tons , the biggest outflow of more than a month .

The price of gold 99.99 fine on the Shanghai Gold Exchange at $ 1 per ounce below the spot price in London , compared with a discount of $ 8 in March , dealers said .

Reduction occurs on a background of gold as investors about the outlook for policy tightening by the Federal Reserve System .

The U.S. economy is still " some time " will need to be supported , said yesterday the Fed chief Janet Yellen . Yellen said on March 19 that the controller can start to raise rates about six months after completion of the redemption in this year.

Gold has completed the first month of this year, a fall - fell from a high of quotes the past six months , recorded March 17 , when the demand for the precious metal rose amid the Crimea to Russia . Russia yesterday began to divert troops from the border with Ukraine, which took place the last two days of talks Ministers of Foreign Affairs of the Russian Federation and the United States helped ease investors' concerns about the possible escalation of the crisis .

The cost of the June gold futures on the COMEX today dropped to $ 1277.40 per ounce.