Steel reinforcement-bar futures dropped toward the lowest level in five weeks on concern that China’s second cash crunch this year will slow the pace of economic growth, reducing demand for the construction material.
The People’s Bank of China saw the seven-day interbank repurchase rate rise for a seventh straight session On Dec. 23 even after it...
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Oil futures rise ahead of U.S. inventory data
NEW YORK (MarketWatch) — Oil futures advanced in preholiday trade on Tuesday ahead of weekly U.S. oil inventory data due later in the day.
February crude oil CLG4 -0.04% climbed 31 cents, or 0.3%, to close at $99.22 a barrel. Oil futures registered little reaction to data that showed orders for durable goods rose a stronger-than-expected...
Goldman predicts steep losses for gold in 2014
Goldman Sachs predicts a "significant decline" in gold in 2014, following losses of around 26 percent in the previous metal so far this year.
The decline would bring gold down to $1,057 an ounce – prices not seen since early 2010.
Gold suffered a sharp fall this week as better-than-expected U.S. economic data raised the possibility that...
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Will Asia’s gold bugs come to the metal’s rescue?
While Asian consumers have been an important force in the gold market, helping to offset the blow from heavy bullion-backed exchange traded fund (ETF) selling this year, they may not rescue the precious metal from its steep drop this time around, say analysts.
Gold prices fell over 2 percent on Thursday, breaking through the key...
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