- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 16-08-2012.
Crude oil futures rose to $ 95 per barrel for the first time in three months against the backdrop of the fact that the number of building permits in the U.S. reached a maximum of four years, as well as concern that Israel will strike Iran, which will cause a failure in supply.
Prices showed an increase after the Commerce Department said that the number of building permits in July reached 812,000 units per annum. At the same time surprising data on the construction of new housing, which showed the decline to 746,000 units, compared with 754,000 in June.
During this month, oil prices have added more than 7%, helped by fears that the tensions in the Middle East will cause a failure in the supply of the region, which produces about a third of the world's oil.
Also on the price of oil continues to put pressure data from China, where there is a decrease in demand and slowing economic growth.
The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now at $ 95.10 a barrel.
September futures price for North Sea Brent crude oil mixture is now $ 114.47 a barrel on the ICE Futures Europe Exchange.
Gold prices rose on a background of information that central banks may begin to conduct incentives for maintaining the growth of the economy. Also, a substantial increase in the cost of precious metal influenced by published data from the U.S., which have been mixed and unexpected.
Market participants are now awaiting the meeting of central bankers in Jackson Hole, which is to be held at the end of the month, and shed more light on the possible prospects of quantitative easing, which should ultimately affect the value of gold.
U.S. stock indexes also rose at the opening, while Treasury yields fell from the level of a three-month high as investors weighed the likelihood that the Fed will launch a new program of bond purchases in the next month.
Top-than-expected inflation data reassured investors that the price pressure will not prevent the Fed during the quantitative easing.
Also today, the World Gold Council said that the world demand for gold in the 2nd quarter fell 7% to its lowest level since the first quarter of 2010 as well as a reduction in investment demand, jewelry and industrial sectors has been more pronounced than with purchases of the metal by central banks.
The cost of the August gold futures on the COMEX today reached a low of 1614.6 dollars per ounce, then rose rapidly and is now trading at around 1600.2 dollars per ounce.
Change % Change Last
Oil 94.21 -0.12 -0.13%
Gold 1,606.90 +0.30 +0.02%
© 2000-2025. 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
