- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 08-07-2013.
West Texas
Intermediate crude dropped from a 14-month high after an official said Egypt’s
Suez Canal is “secure” and ship traffic through the waterway is “normal,” even
as violence escalated in Cairo.
WTI fell as
much as 1.1 percent as Tarek Hassanein, a Suez Canal Authority spokesman, said
that 55 ships are scheduled to pass through the channel. Prices topped $104 a
barrel today as Egyptian security forces fought with supporters of ousted
President Mohamed Mursi, leaving at least 50 dead.
WTI crude
for August delivery declined 17 cents, or 0.2 percent, to $103.05 a barrel at
11:12 a.m. on the New York Mercantile Exchange. The volume of all futures
traded was 25 percent more than the 100-day average. Earlier it rose to
$104.12, the highest intraday level since May 3, 2012.
Brent oil
for August settlement decreased 28 cents, or 0.3 percent, to $107.44 a barrel
on the London-based ICE Futures Europe exchange. The volume for all contracts
was 1 percent below the 100-day average. The European benchmark grade traded at
a $4.39 premium to WTI, down from $4.50 on July 5.
Gold prices rose after Friday's decline, but growth is constrained by a high dollar.
The spot price fell by 10 percent after Federal Reserve Chairman Ben Bernanke said in June that the pace of U.S. economic growth allows the central bank to reduce the volume of buying up bonds this year. Reducing incentives will increase interest rates and the dollar, making gold less attractive to investors outside the United States.
In the second quarter, gold fell by 23 percent, which was a record quarterly decline, and on June 28 the price dropped to a low of nearly three years, $ 1.180,70 an ounce.
The number of employees in the U.S. economy, excluding the agriculture sector in June increased by 195,000, while analysts had expected growth of 165,000, and the unemployment rate was 7.6 percent, the forecast of 7.5 percent. These data fueled fears that the Fed will soon begin to reduce incentives.
On Monday, the dollar rose to a three-year high against a basket of world currencies. Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Friday fell 0.3 percent to 30.92 million ounces - the lowest level since February 2009.
The cost of the August gold futures on COMEX today rose to a high of $ 1237.40 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
