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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Gold futures fluctuate as Fed officials prepare speeches

Mar 19, 2012 09:35 AM

Monday saw gold futures ebb and flow as the world's reserve currency staked out a performance that was virtually even as well, Dow Jones Newswires reports.

But the commodity and the currency are likely to be influenced this week by speeches from Ben Bernanke and William Dudley, the U.S. Federal Reserve chair and a policy maker, respectively. Dudley also is president of the New York Federal Reserve Bank.

The yellowish metal also will be subject to doubled expenses for duties when imported to India, which trails only China for globe's largest importer of bullion.

"I see some light selling from Thailand. It's very light. I would think some people are waiting for prices to go down to the $1,650 level," a dealer in Singapore told Reuters.

Gold futures, during their first session after enduring 3 percent losses last week, at one point climbed a half percentage point, according to Reuters.

At 10:48 a.m. on Monday, gold futures advanced 0.4 percent, a $6.70 lift to $1,662.50 per troy ounce.

The record price for gold futures is $1,923.70 per troy ounce, set in early September of last year.

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