All About Commodity

[mynameisandhy]

Asia Oil Price Down So U.S. $ 112.73

 

Monday, April 11, 2011

 

Oil prices on trading Monday (11 / 4) dropped after the African Union states Gaddafi accept peace proposals.

 

South African President Jacob Zuma who mempin African delegation in talks in Tripoli to meet Libyan President Muammar Gaddafi a few hours. The meeting was to discuss the possibility of Gaddafi back.

 

Crude for May delivery light crude fell 6 cents to U.S. $ 112.73 per barrel on the New York Mercantile Exchange. Meanwhile, Brent crude fell 92 cents to 125, 73 per barrel in London, quoted from finance.yahoo.com.

 

On Friday oil prices had touched the level of U.S. $ 126 per barrel for Brent as the highest level since the last 32 months.

 

Peace talks in Libya has lowered the price of oil has been weighing on the market. For the world's largest oil exporter, Saudi Arabia confirms production capacity is still large oil reserves making it possible to memenuhni demand and increase supply. Saudi Arabia's production reached 12.5 million barrels per day.

[4xstrategist]

Hard commodities will continue rising as long as global economic and political unrest continues

[mynameisandhy]

Because of the IMF, oil tumbles

 

Tuesday, April 12, 2011

 

World oil prices dropped significantly from a high level in 30 months on Tuesday, and continued to roost in the depressed price of 108.40 dollars per barrel.

Drop in oil prices is particularly after the IMF statement on Monday that it lowered the growth forecast American countries and Japan, and this indicates a result of high oil prices cause the threat risk to global economic growth.

 

Oil prices fell most sharply torn almost in 4 weeks after the IMF's World Economic Outlook said the U.S. economy will slow from 2010 amid the unemployment rate is above 8% and a slump in consumer confidence.

 

It is deepening decline in oil as investors followed the recommendation from Goldman Sachs to take action profit-taking after a rally up to the high level of 30 months.

 

The perpetrators of the recent market has been worried about higher oil prices high enough to hamper economic recovery and reduce demand for oil products like gasoline.

[mynameisandhy]

Gold Recovers Over $ 1460

 

Tuesday, April 12, 2011

 

Gold continues pressured by profit taking during the previous session to reach the low $ 1453.65/ons level, which seems to provide a boost for Gold to move up and back into the area above the $ 1,460 in mid European session today.

Weak risk appetite this week as renewed concerns over the emergence of Japan's nuclear crisis further aggravated the already fragile market sentiment. These conditions have pushed demand for safe-haven assets more powerful. Gold bullion that backed last week's near the highest fresh all-time at a slightly higher aversion to risk that carries with stronger safe-haven demand. What's more, the relatively weaker dollar against European currencies made ​​the greenback-denominated commodities more attractive in international markets.

[mynameisandhy]

Corrected, NYMEX Oil At $ 106/barel

 

Wednesday, April 13, 2011

 

U.S. crude oil futures traded on the New York Mercantile Exchange re-adding the decline in day-to-3 on Wednesday.

NYMEX crude oil fell to as low as $ 106 per barrel and have dropped more than 6% from the peak point in the last 32-months in this week mainly due to concerns that price hikes have gone too far and could erode demand.

 

U.S. crude has slumped by 5.8% over the last two sessions and is a two-day percentage biggest decline since May 2010, when the Greek state debt crisis and the sharp decline in commodities in euro zone

[mynameisandhy]

Oil rises as U.S. gasoline stocks fall

 

Thursday, April 14, 2011

 

U.S. crude oil futures ended higher on Wednesday after diving nearly 6 percent in two days, led by gains gasoline fueled by government inventory data showed the biggest drop in inventories since 1998.

 

U.S. gasoline stocks down 7 million barrels last week due to lower capacity utilization distiller 3 percentage points and clear the winter fuel supplies to make room for summer blends, the data from the U.S. Energy Information Administration showed.

 

EIA said crude stockpiles rose 1.6 million barrels, more than the increase expected 1.0 million barrels, while distillate inventories fell 1.7 million barrels, against expectations supplies will be slightly higher.

 

Traders and analysts said oil is under pressure when the dollar index soared on expectations deficit cut proposals of President Barack Obama will support the greenback, but eventually ended up near the top today.

 

Crude futures found support in the area near the intraday low $ 105.31 Wednesday, near the area around the resistance level of $ 106 at a recent rally in crude oil above $ 113 per barrel and an intraday low of $ 105.47 Tuesday.

 

On the New York Mercantile Exchange, crude <CLK1> May rose 86 cents, or 0.81 percent, to settle at $ 107.11, trading from $ 105.31 to $ 107.43.

[mynameisandhy]

Gold Preserve Strengthening The weakening U.S. dollar

 

Thursday, April 14, 2011

 

Gold rose for a second day on Thursday as the dollar stay near 16-month low against a basket of currencies.

 

Precious metals rose nearly $ 20 from record highs of $ 1,476.21 per ounce that struck earlier this week, with a decline in ownership of exchange traded funds suggests investors are interested to make a profit.

 

While the highest decrease over time will encourage the purchase of jewelry stores in Asia. Concerns about inflation demand from China remains assured, which will release inflation data on Friday that Beijing

will offer the following policy guidelines.

 

Spot gold rose $ 3.74 to $ 1,458.35 per ounce by 0317 GMT. U.S. gold futures for June rose $ 4.1 an ounce to $ 1,459.7 an ounce.

 

"Gold can be supported by a weak dollar and a loose monetary policy from the Federal Reserve," said Ong Yi Ling, investment analyst at Phillip Futures in Singapore.

 

"To purchase in Asia, may appear again at lower prices Chinese demand for gold is expected to remain strong. In the midst of rising inflation and lack of alternative investments, gold sought as a store of value."

 

Recent Reuters poll showed China's consumer inflation may accelerate to 32-month-high of 5.2 percent in March, higher than the government's inflation target of 4 percent for 2011.

 

China Q1 GDP and March economic indicators due on 0200 GMT on Friday. China is the second largest gold consumer in the world after India

 

Dollar survive near 16-month low the previous day against a basket of currencies dipicui mixnya U.S. data and there is no change in the view that the Fed will continue to run the super-loose monetary policy.

[mynameisandhy]

Gold rose more than 1%, silver surged to 31-year high

 

Friday, 15 April 2011

 

Gold rose more than 1 percent to near record highs and silver surged on Thursday as the dollar weakness, inflation fears and European debt crisis pushed bullion to the largest one-day gain in about seven weeks.

 

Silver futures soared to their highest since 1980, an increase of more than 4 percent for their biggest one-day gain since November, as strong investment and speculative buying sent gold / silver for a low ratio.

 

Gold received support from inflation worries triggered by the rally in crude oil and the data showed core producer prices rising U.S. in March, and as jobless claims higher than expected knock on the dollar.

 

"The combination of higher oil prices, weakening dollar and the rise of Greek discussion of sovereign risk issues have pushed the gold market. This is very impressive because we ran into selling above the market yesterday," said James Steel, chief commodities analyst at HSBC.

 

<XAU=> Spot gold rose 1.4 percent to $ 1,474.30 per ounce by 4:02 am EDT (2002 GMT), within striking distance of a record $ 1,476.21 set on Monday. U.S. gold futures for June delivery settled <GCM1> up to $ 16.80 at $ 1,472.40 an ounce.

[mynameisandhy]

U.S. crude ended higher, lifted by weak dollar

 

Friday, 15 April 2011

 

U.S. crude futures ended higher on Thursday on the lift from a weaker dollar that helped reverse earlier losses triggered by the raw concerns that high prices will erode demand.

 

Dollar gave up early strength after a government report showed initial jobless claims rose last week.

 

U.S. crude futures have bounced, support is found at the top level of $ 105 and crude oil options expire on Thursday.

 

Dollar falls in choppy trade, weighed by weak jobless claims data and reported to the central bank selling in the middle of the background low U.S. interest rates are not expected to rise in the near future.

 

Brent crude oil futures weakened slightly on Thursday on the day of expiry for the contract in May next.

 

On the New York Mercantile Exchange, crude <CLK1> May rose $ 1, or 0.93 percent, to settle at $ 108.11 per barrel, trading from $ 105.77 to $ 108.55.

[mynameisandhy]

Under Saudi Arabia's Oil Supply Needs

 

Monday, April 18, 2011

 

Country's largest oil exporter Saudi Arabia expressed readiness to supply oil-demand customers. But, who would have thought if this country's oil production actually fell last month.

 

"Saudi Arabia will supply whatever the customer asked for," said Minister Perminyak Saudi Arabia Ali al-Naimi interrupted Asian energy ministers meeting as reported by AFP.

 

"The market is over-supply now. While the demand in Asia is very strong," he said.

 

But, other than that he admits that these royal oil production fell to 8.29 million barrels per day (bpd) in March from the previous 9.1 million bpd the previous month.

 

On different occasions, the Head of the International Energy Agency (IEA), Nobua Tanaka, said the current oil price is very high. And he said that if consumers are worried that this could damage economic growth and demand for crude oil.

 

"Of course the oil price is currently very high. We're worried it could have a negative impact on economic growth," said Tanaka.

 

"High oil prices could trigger tekananj to reduce the rate of growth in demand for oil production," said Tanaka.

[mynameisandhy]

Gold prices weakened by the Technical Amendments After the Print Record Row 2 Days

 

Tuesday, April 19, 2011

 

 

In electronic trading in Asia today looks gold price has decreased significantly (4.19). Gold prices weakened after a hit record highs in trading on the New York Mercantile Exchange last night. Gold prices failed to test the psychological level of 1500 dollars so that trigger profit taking.

 

During the two days before the price of gold has scored a record high and almost penetrate the high level of dollars per troy ounce in 1500. The increase in gold prices was driven by concerns that the global economy will return hit trouble after the S & P rating service lowered the long-term outlook for U.S. debt. Meanwhile Europe's concerns about the debt crisis also triggered the purchase of gold on a large scale.

 

However, today experiencing a correction in gold prices seem quite reasonable. Last night the technical signals have shown that there is oversold which could potentially trigger a short-term decline.

 

Spot gold price appears to decline and is currently trading in the position of 1489.40 dollars per troy ounce. The position of this spot gold price has decreased compared with the close of trading early this morning on the level of 1493.60 dollars per troy ounce.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, gold price movement is expected to decline while the correction after a record. The price seemed reasonable for the temporary decrease after reaching a record level. It is estimated that gold prices will experience movement in the range 1450 - 1500 dollars per troy ounce.

[mynameisandhy]

Copper Rise; Possible Stay In Range $ 9200 - $ 9800

 

Wednesday, April 20, 2011

 

LME 3-month copper at $ 9,446 per ton, up $ 106 with 2054 lots. Red metal is being supported by the general risk appetite returning after a marginal improvement in U.S. housing data overnight, and the partial suspension of operations at the sub-surface (FCX) Freeport McMoran Grasberg mine in Indonesia after the accident, said a trader in Singapore, according to a European bank.

 

Most of the Grasberg output still comes from surface operations so that the impact of market suspension will most likely be limited. "Copper is made to run but the rest of the complex has become a bit sluggish and the volume has not been great so I'm not sure this is a significant step," he said.

 

Traders copper tips to keep a $ 9200 - $ 9800 range which has been traded since early March closing. Aluminium LME 3-month at $ 2,728 / ton, up $ 14 with 664 lots, while nickel was at $ 25.880 / ton, up $ 585 with 205 lots.

[mynameisandhy]

Japan Nuclear Crisis Trigger World Oil Price Rise

 

Wednesday, April 20, 2011

 

World oil prices are expected to experience a significant increase in the coming years.

 

Thus disclosed Lecturer Petroleum Engineering ITB Rubi Rubiandhini in discussions 'Stimulating Lifiting Management Through Old Wells' in Jakarta, Wednesday (20 / 4). That's because the energy needs of oil and gas (oil) will grow large, post-explosion of a nuclear power plant (NPP) Fukusima, Japan some time ago.

 

Rubi estimates that oil prices will range above U.S. $ 100 per barrel. Although, so the increase could also be prevented with one condition state of Saudi Arabia would increase oil and gas production. In addition, the energy crisis in Japan is also likely to affect the import of Indonesian oil.

 

Currently, 51% of Indonesia's oil is coming from middle east countries. With the energy crisis in Japan will affect the rise in world oil. "If the Arab oil imports are diverted to Japan and Saudi Arabia do not want to add poduksinnya then world oil prices will automatically increase. Yes it is above U.S. $ 100 per barrel, "said Rubi.

 

For oil production of Saudi Arabia today is 9 million barrels per day. However, Arab governments promised to increase production to 12 million barrels per day.

[mynameisandhy]

Fly Gold Above $ 1,500 To Penetrate New Records Related Weakening Dollar

 

Thursday, 21 April 2011

 

Gold prices rise through the record for the ninth time in this month due to weaker dollar encouraged investment demand for precious metals as an alternative asset. Silver rose $ 45 per ounce for the first time since 1980.

 

Gold reached $ 1,506.50 per ounce in New York as the dollar slid as much as 1 percent against six major currencies to be traded at its lowest for 16 months. Gold has risen 32 percent in the past year as the dollar fell 8.2 percent. Earlier this week, Standard & Poor's revised the outlook for long-term U.S. debt to negative from stable.

 

"For the dollar, S & P statement like a severe blow when she was falling like today," said Matt Zeman, a senior market analyst at Kingsview Financial in Chicago. "The dollar lost its status as king of the peak, and gold has taken place."

 

Gold futures for June delivery rose $ 3.80, or 0.3 percent, to settle at $ 1,498.90 at 1:37 hours on the Comex in New York. The most active contract had hit a record for four consecutive days.

 

Gold for delivery in London rose as much as 0.6 percent, reaching a record $ 1,506.03 an ounce.

[mynameisandhy]

Gold roared to all-time high for the fifth straight session

 

Thursday, April 21, 2011

 

Bullion pushing for a lifetime high for the fifth consecutive session on Thursday on the dollar sharply lower, while the lingering tensions in the Arab world, concerns about the crisis, the eurozone and the U.S. fiscal health of providing additional support.

 

Strengthening of gold for a decade could continue in the next four years, although at a slow movement, with positive inflation risk partially cooled by a shift towards a more normal economic conditions, analysts surveyed by Reuters said.

 

Silver rose to highest in more than three decades because it follows the rally in gold, which is also driven by the triple threat rating downgrade to the United States'-A credit. Gold-silver ratio - the number of ounces of silver needed to buy one ounce of gold - is at its lowest point since 1983.

 

<XAU=> Spot gold rose to a record high $ 1,508.50 per ounce and was at $ 1,506.70 per ounce by 0607 GMT, up $ 8.55 per ounce. U.S. gold futures <GCcv1> also achieve a lifetime high at $ 1,509.5 an ounce.

 

"The United States effectively loses triple-A rating in the eyes of investors who really matter some time ago, back when gold broke $ 1,000 an ounce," said commodities analyst at Fat Prophets David Lennox.

 

"We do not think America rating is considered will increase in the near future and this is the driving force behind our expectations of gold continued pricing power our next target for gold is $ 1,590 per ounce.

[mynameisandhy]

Crude oil surge as Related to Improved Equity Supports Economic Optimism

 

Thursday, April 21, 2011

 

Crude oil soared the highest in a month related to the increase of shares increased optimism of economic recovery and the dollar fell, strengthen investor demand for commodities.

 

Oil rose 2.9 percent as the Dow Jones Industrial Average rose to its highest level since June 2008 after selling the company from Intel Corp., Yahoo Inc. beat projections. Fall of U.S. currency makes gold and silver through record highs with the highest 31tahun. Crude futures extend rise after the Energy Department reported an unexpected drop in crude supplies.

 

Crude oil for June delivery rose $ 3.17 to settle at $ 111.45 per barrel on the New York Mercantile Exchange. This is the biggest increase since March 17. The price rose to 34 percent from a year ago.

 

Brent crude for June rose $ 2.50, or 2.1 percent, to $ 123.83 a barrel on the ICE Futures Europe exchange based in London.

 

Crude oil supplies fell 2.32 million barrels to 357 million last week, the first decline since February, the Department of Energy said today in a weekly report. Inventories are expected to rise by 1.3 million barrels, according to the median estimate of 13 analysts in a Bloomberg News survey.

[mynameisandhy]

Gold prices kept going away from the range of the 1500s the dollar

 

Monday, April 25, 2011

 

Gold prices kept going away from the range of the 1500s the dollar on Monday, as the dollar index is still stuck in the worst range triggering investors to buy gold as a transition from the currency.

Gold penetrate into over $ 1,500 per ounce for the first time on Wednesday last week, and continued to show keperkasaannya along with other risky assets such as stocks and commodities due to inflation worries terhdap world.

 

The price of gold continues to rebound, especially due to the weakening U.S. dollar and a sharp spike in oil prices until the level was recorded at $ 113.07 per barrel. In addition, worries about a U.S. economic outlook and concerns about inflation surge helped lift world gold demand from Asia.

 

So this all led to high demand for gold as a safe-haven asset or hedge. And if you see a strong gold this time, there is a possibility the price could reach $ 1518 to $ 1520.

[mynameisandhy]

Crude Oil High In Asia, Dollar Down Before Fed Meeting

 

Monday, April 25, 2011

 

Crude futures higher Monday, supported by weakness in the dollar, while the geopolitical uncertainty in Yemen added to supply concerns

 

On the New York Mercantile Exchange, light, sweet crude futures for June delivery traded at $ 112.64 a barrel at 0600 GMT, up $ 0.35 on the Globex electronic session. June Brent crude on London's ICE Futures exchange rose $ 0.23 to $ 124.22 per barrel.

 

Thin volume, with many local financial markets remained closed for the Easter holiday, but market participants said risk appetite and a strong downward bias of dollars ahead of the Federal Open Market Committee meeting starting Tuesday the U.S. will continue to support prices.

 

At 0600 GMT, the euro was at $ 1.4568, from $ 1.4558 late Friday in New York.

 

"Risk appetite has kicked in big time during the last few sessions in the midst of a substantial weakening in U.S. dollar and strong [to top] moves in the stock market, which both are influenced by the assumption that the Fed will keep its efforts towards monetary easing," said Ritterbusch & Associates in a note to clients.

 

Some investors expect Fed officials to signal Wednesday that they could end as early as June strategies central bank bought $ 600 billion in U.S. Treasury bonds to spur the economy.

 

The Fed was thinking about when and how to start draining the loan is pumped into the economy during and after the global financial crisis. However, analysts and traders say that tightening credit is still seen at least a few months off, if not longer, and could take a while to unfold.

 

"The U.S. economy would recover, no doubt about it," said a trader at Hyundai Oilbank. "However, some parts of its economy is still weak and I really seriously do not think the Fed would tighten monetary policy this year. Therefore, the dollar will remain weak and oil prices will remain at high levels."

 

Also lifting oil futures renewed geopolitical uncertainty in the Middle East.

 

Yemen protest movement insisted Sunday at quick exit of President Ali Abdullah Saleh and the prosecution, after his party received Gulf Cooperation Council plans for him to quit in 30 days in a move praised by Washington.

 

However, Saleh said, every change of regime can only be through the "ballot box and the referendum," and said he could not give into a "coup."

 

Nymex reformulated gasoline blendstock for May - the benchmark gasoline contract - rose 114 points to $ 3.3200 a gallon, while May heating oil traded at $ 3.2115, 123 points higher.

 

ICE for May was changing hands at $ 1,020.25 per metric ton, up $ 6.25 from the settlement Friday.

[mynameisandhy]

Closed Gold At Record Approaching $ 1.510 Over Weak Dollar

 

26 April 2011

 

Gold closed up at new record highs Monday, as a weak dollar and strong demand from Asia to give support to the precious metal.

 

Gold reached a record high of $ 1,518.10 per ounce. Down along with silver and last traded near $ 1.509 an ounce.

 

U.S. gold futures for June rose $ 5.30 mediator to close at $ 1,509.10 an ounce after hitting a historical high of $ 1,518.60 earlier this session.

 

Silver rose as much as 8 percent before a sharp retreat when it failed to penetrate the historical high in 1980 due to a wave of technical selling of record volume on U.S. futures.

 

After a moment go down into the negative region, silver find a foothold in afternoon trade, up 1.8 percent at $ 47.50 per ounce. Gold prices also retreated from strengthening wal nearly 1 percent after touching a high of seven times in a row.

[mynameisandhy]

Copper may be varied In Motion Asia

 

TUESDAY, 26 APRIL 2011 08:13

 

Copper tends to have a mixed start in Asia, and is likely to be affected by currency movements after the market opened, Mitsui Bussan Commodities said in a statement.

 

Copper futures fell Monday China fears further monetary tightening and high prices of crude oil. Morgan Stanley said the "basic metals achieve robust performance (new) next to the power of the broader commodities market, with production difficulties and downgrades in Indonesia and Chile underlying the increase in copper prices.

 

"Copper touched tons / $ 9710 high Thursday, according to Mitsui Bussan. Copper on LME Select was down 2.1% at $ 9.505 / tonne

[mynameisandhy]

Gold volatile waiting Fed Monetary Policy Announcement

 

Wednesday, April 27, 2011

 

Spot gold is likely to see further volatility in the fight for a few days ahead as U.S. Federal Reserve's communications strategy tweaks at the time of simmering interest in the direction of U.S. monetary policy: Chairman Ben Bernanke will hold a press conference after today's FOMC decision, departure for the body that normally issued a statement that is straight.

 

Darren Heathcote, head of trading at Investec in Sydney, making comparisons with the market in May 2006 sell-off, which some see as driven by market uncertainty about a shift in Bernanke's communication policy when he took over from Alan Greenspan in February 2006.

 

"The idea behind this conference is to be a little more transparent, which in turn will lead to transparency and less volatility, but whatever is a bit annoying as it almost certainly will bring volatility in the short term." he said. Spot gold was at $ 1507.90/oz, up 80 cents from the New York end.

[mynameisandhy]

World Oil Prices Move Limited

 

Wednesday, April 27, 2011

 

World crude oil prices in the U.S. move is limited as investors waited for the results of the meeting of the Fed that a U.S. monetary policy signals to the front.

 

Crude sweet crude for June delivery fell 7 Senn to U.S. $ 112.21 per barrel. While Brent rose 48 cents to U.S. $ 124.14 per barrel, as quoted from yahoo.finance.com.

 

The oil market also affected by the depressed U.S. dollar due to expectations the Fed may accommodate the needs of the market about monetary policy. These conditions pushed crude oil prices traded in dollar denominations benefited as a hedge against inflation.

 

Investors are also looking at oil company officials claim Saudi Arabia Aramco an alarming rise in oil prices on the global economy on Tuesday morning. Although contrary to the U.S. Finance Minister Timothy Geithner that the current oil price will not be at risk for global economic recovery ..

 

At the same time, there were several power outages in several oil refinery town of Texas so that U.S. gasoline price increase

[mynameisandhy]

Gold print New Record!

 

Thursday, April 28, 2011 08:46

 

(Reuters) The price of gold back print record highs after soaring as much as six percent to the position of USD1.530 per ounce. Strengthening the price of gold was triggered by the statement the Fed governor who does not give a sign that central banks will tighten monetary policy. This also caused the United States dollar (U.S.) tumbled to its lowest level in three years.

 

It was the eighth record high in nine trading sessions for the gold. Thus, this safe-haven commodity prices have surged more than $ 50 per ounce since 15 April 2011 and more than USD200 since late January 2011.

 

The price of gold in the spot market rose more than 1.5 percent to touch a record USD1.529, 90 per ounce after the Fed said it would continue to stimulus by buying government bonds worth $ 600 billion, this program is targeted for completion in June.

 

Chairman Ben Bernanke said he did not rush to increase to increase short-term interest rates. Lower interest rates will tend to push investors into risky assets and pushed the price of commodities.

 

"There are no signs the Fed will tighten policy. I think gold moves up because of it." said Director of Commodities by TD Bank Financial Group Bart Melek, as quoted by Reuters on Thursday (28/04/2011).

 

Spot gold was last up 1.3 percent at USD1.526, 91 ounce down slightly from previous levels. U.S. gold futures for June delivery which rose 1.6 percent to USD1.526, 90, in trading of gold futures also touched a record USD1.530, 70 per ounce. And finally gold at the end of trading Wednesday (27/04/2011) is USD1.517, 10 per ounce, up USD13, 60.

 

Dollar falls to its lowest level in three years against other currencies after Bernanke spoke. The euro rose against the dollar nearly USD1, 49, is the highest level since December 2009.

[mynameisandhy]

The Fed Causes Increase in World Oil Prices in the U.S.

 

Thursday, April 28, 2011

 

(Reuters) Oil prices on trading Wednesday (27 / 4) volatile moves that influenced the Fed's statement which will continue to support the U.S. economic recovery and declining U.S. gasoline stocks.

 

Crude sweet crude rose 55 cents to U.S. $ 112.76 per barrel for June delivery. Meanwhile, Brent crude rose 99 cents to U.S. $ 125.13 per Bael for June delivery.

 

Changes in trade contracts changed after the Fed's statement at the end of the meeting for two days. The weekly report about domestic gasoline stockpiles fell 2.51 million barrels from last week as stocks lowest since August 2009. The decline is estimated at 1.1 million barrels.

[mynameisandhy]

Gold prices soared to record high and Back Print

 

At the close of trading on the New York Mercantile Exchange early this morning seems the price of gold has increased sharply (30.4). Gold soared nearly 1570 dollars per troy ounce, forming a new record because the dollar price increases driven by continued low interest rates and a weak dollar.

 

In London trading was closed for the celebration of the royal wedding, in afternoon New York trading, gold hit 1,569,32 dollars per troy ounce before sliding back to about 1556 dollars. Just nine days before gold through the psychological $ 1,500 level.

 

Gold benefited more by a weak U.S. dollar and has reached record highs all the time for the third straight day.

 

Meanwhile, silver, driven to 49.17 dollars per troy ounce, also a record, up from level 10 dollars in just 30 months.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, gold price movement is expected to experience still will continue to increase and potentially to re-print a new record. It is estimated that gold prices will experience movement in the range 1500 - 1550 dollars per troy ounce.