- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 26-03-2012.
Oil was little changed in New York, rebounding from a decline after Federal Reserve Chairman Ben S. Bernanke said accommodative monetary policy is needed to lower unemployment.
Futures erased a 0.6 percent loss after Bernanke said further improvement in the job market will require keeping the central bank’s interest rates low, making commodities a more attractive investment. Oil dropped earlier on concern that Europe’s debt crisis will slow growth.
Crude oil for May delivery rose 4 cents to $106.91 a barrel at 10:43 a.m. on the New York Mercantile Exchange. Futures dropped as low as $106.19 before the Bernanke speech in Arlington, Virginia. Prices are up 8.2 percent this year.
Brent oil for May settlement climbed 49 cents, or 0.4 percent, to $125.62 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to New York-traded West Texas Intermediate was at $18.71.
The price of gold on Monday rose more than 1% - the statements of the U.S. Federal Reserve Chairman Ben Bernanke reinforced hopes for new measures to support the American economy from the regulator.
The head of the U.S. Federal Reserve on Monday expressed the view that the soft monetary policy in the U.S. can accelerate the growth of industrial production and increasing demand from consumers, which will lead to further improvement in the labor market.
Bank UBS said the reduction in demand for gold in China, as indicated by the small volume of trading on the Shanghai Gold Exchange. Imports of gold in India - the world's largest market of precious metals - can be reduced by a third this year due to the doubling of import duty, according to analysts polled by Reuters.
April futures price of gold on COMEX today rose to $ 1687.8 an ounce.
© 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
