Gold Holds Decline After Fed as Palladium Nears 33-Month High

Gold held losses after the Federal Reserve said it sees a muted inflation risk from continued stimulus and assets in the SPDR Gold Trust fell to the lowest since December 2008. Palladium traded near a 33-month high. Bullion for immediate delivery was at $1,292.45 an ounce at 10:13 a.m. in Singapore from $1,292.04 yesterday when prices retreated 0.2 percent, according to Bloomberg generic pricing. Gold for August delivery advanced 0.4...

WTI Falls From 4-Week High Before China PMI Data; Brent Steady

West Texas Intermediate crude fell from the highest price in more than four weeks amid speculation that factory production in China remained in contraction for a fifth month. Brent was steady in London. Futures dropped as much as 0.4 percent in New York. HSBC Holdings Plc��s Purchasing Managers�� Index for China probably rose to 48.3 in May, according to a Bloomberg News survey...

Dollar Holds Advance on 200-Day Moving Average; Aussie Declines

The dollar remained higher against the yen after the U.S. currency rebounded from a key technical level at its 200-day moving average.The greenback also held gains after a rebound in stocks boosted investors�� appetite for risk and an increase in Treasury yields improved the allure of U.S. assets. Australia��s dollar fell against most major peers before a private survey forecast to signal manufacturing contracted for a fifth month in...

Gold Prices Decline as Federal Reserve Sees No Inflation Risk

Gold declined as the Federal Reserve said it sees a muted inflation risk from continued stimulus, lowering demand for the precious metal as a hedge against rising consumer costs. Gold for immediate delivery fell 0.3 percent to $1,290.68 an ounce at 2:32 p.m. in New York, according to Bloomberg generic pricing. On the Comex in New York, gold futures for June delivery closed 0.5 percent lower at $1,288.10 an ounce. The contract settled...

WTI Oil Rises to One-Month High on U.S. Supply Drop

West Texas Intermediate crude rose to a one-month high after an industry report showed U.S. stockpiles tumbled last week. Brent oil increased on unrest in Libya. Futures advanced as much as 0.9 percent in New York. Crude supplies dropped by 10.3 million barrels last week, the American Petroleum Institute reported yesterday. A government report today will probably show inventories...

Gold Holds Below $1,300 as SPDR Assets Drop to Lowest Since 2008

Gold held below $1,300 an ounce before U.S. economic data that may provide clues on the outlook for monetary stimulus. Holdings in the largest exchange-traded product shrank to the lowest level since December 2008. Bullion for immediate delivery traded at $1,294.63 an ounce at 2:20 p.m. in Singapore from $1,294.37 yesterday, according to Bloomberg generic pricing. Assets in the...

Yen Gains as BOJ Refrains From Adding Stimulus; Aussie Declines

The yen rose versus all 16 major peers after the Bank of Japan refrained from expanding stimulus and said it expects a moderate economic recovery to continue.The currency was near a three-month high against the greenback as the U.S. yield premium over Japan shrank before the release of minutes from the Federal Reserve��s April meeting. Australia��s dollar held its sharpest loss in two months after consumer confidence dropped and iron...

Gold Holds Below $1,300 as SPDR Assets Drop to Lowest Since 2008

Gold held below $1,300 an ounce before U.S. economic data that may provide clues on the outlook for monetary stimulus. Holdings in the largest exchange-traded product shrank to the lowest since December 2008.Bullion for immediate delivery traded at $1,294.03 an ounce at 9:47 a.m. in Singapore from $1,294.37 yesterday, according to Bloomberg generic pricing. Assets in the SPDR Gold Trust dropped to 780.19 metric tons yesterday, the lowest...

WTI Oil Advances as U.S. Crude Stockpiles Shrink; Brent Steady

West Texas Intermediate advanced for the third time in four days after industry data showed crude stockpiles declined in the U.S., the world��s biggest oil user. Brent in London was steady.July futures rose as much as 0.6 percent in New York. Crude supplies shrank by 10.3 million barrels last week, the American Petroleum Institute said yesterday. A government report today will probably show inventories unchanged near a record high, according...

WTI Oil Falls on Ample U.S. Crude Supply; Brent Trades Near $109

West Texas Intermediate crude slipped from a four-week high on speculation that U.S. inventories are adequate to meet demand from refineries making gasoline for the peak-demand summer months. Brent traded near $109 a barrel. Futures fell as much as 0.3 percent in New York. A government report tomorrow will probably show that U.S. crude supplies were unchanged near a record high, according to a Bloomberg survey. WTI has climbed relative...