FOREXYARD: Forex News Blog

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Gold Price Boosted By Weaker U.S Dollar Posted: 26 Apr 2012 02:32 AM PDT Gold prices were boosted during Thursday’s early morning trading as a result of a weakening U.S Dollar. The metal benefited from statements made by the Federal Reserve that they would carry out further monetary easing if required. Despite the fact that the Federal Reserve did not officially announce another round of easing,the intentions for further easing has a positive affect on gold prices. Silver prices were also given a slight boost as a result of the weaker U.S dollar as the metal for May delivery appreciated 39 cents to reach $30.75 per ounce.Platinum as well as Palladium also made gains thanks to the poor performing greenback, as the former climbed just over $10 whilst the latter rose $9.60 for June Delivery.

Crude Oil Climbs To 1-Week High Posted: 25 Apr 2012 12:33 PM PDT Crude oil climbed to a one-week high after policy makers at the Federal Reserve mentioned that they speculate growth to move ahead at an accelerated pace. The rise comes after the commodity dropped as supplies in the U.S gained as well as a comment made by Iran’s envoy in Moscow claiming that the nation is discussing a proposal to delay the expansion of its nuclear program. Crude for June Contract apppreciated 0.5 percent to $104.11 per barrel around approximately 2pm New York time. The commodity reached its highest level since April 17 after touching 104.57 a barrel. So far for the year, Crude Oil prices have appreciated 5.3 percent. Wednesday saw the release of the weekly Crude Oil Inventories report which produced higher figures than expected. Crude Inventories climbed 3.98 million barrels to reach 373 million in the previous week as output appreciated to a 12-year high.

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