- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 03-06-2013.
West Texas
Intermediate crude rose from the lowest level in one month as the U.S. dollar
weakened against a basket of major currencies after a report showed
Crude
gained as the Dollar Index fell as much as 0.5 percent, raising the investment
appeal of commodities priced in the currency. Manufacturing in the
WTI crude
for July delivery gained $1.33, or 1.5 percent, to $93.30 a barrel at 10:15
a.m. on the New York Mercantile Exchange. The volume of all futures traded was
5 percent below the 100-day average for the time of day. The futures ended at
$91.97 on May 31, the lowest settlement since May 1. Prices slid 1.6 percent in
May.
Brent oil
for July settlement rose $1.92, or 1.9 percent, to $102.31 a barrel on the
London-based ICE Futures Europe exchange after closing May 31 at the lowest
settlement since May 1. Volume for all contracts was 29 percent above the
100-day average.
During the last hours of gold
showed growth due to a weaker dollar after weak data from the
Institute for Supply Management (ISM).
Manufacturing activity in the U.S. unexpectedly fell in May for the first time since November 2012. Reported Purchasing Managers Index (PMI) for the manufacturing sector in the U.S. in May fell to 49.0 against 50.7 in April. Values above 50 indicate an increase in activity in the sector.
Economists had expected the May PMI index was 50.6. The May index was the lowest since June 2009.
In May, gold fell more than 6 percent as investors feared that the Fed will cut the amount of buying up bonds. However, consumer spending in the U.S. fell in April for the first time in nearly a year, and inflation fell, prompting hope for preservation of the policy of "quantitative easing."
Demand for gold in India in the second half of the year will be as high as last year, as the forecast assumes a significant amount of monsoon rains that will bring good income to farmers - the main buyers of gold, said the head of the World Gold Council.
Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust stopped falling after almost three weeks. Stocks rose on Wednesday and unchanged since then.
The cost of the August gold futures on COMEX today rose to 1408.70 dollars an ounce.
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
