WTI Rises for Third Day as Supplies Seen Shrinking

West Texas Intermediate gained for a third day amid speculation that crude stockpiles declined for a second week in the U.S., the world��s biggest oil consumer. Brent was steady in London. Futures rose as much as 0.4 percent in New York. Crude supplies probably fell by 1.5 million barrels in the week ended June 6, according to a Bloomberg News survey before data from the Energy Information Administration tomorrow. Rebels in Libya, the...

Gold Advances as Lower European Sentiment Boosts Haven Demand

Gold futures gained for the second time in three sessions as lower investor confidence in Europe boosted demand for the precious metal as a haven. German investor optimism for the euro zone in June fell to 8.5, trailing the 13.3 estimate of economists surveyed by Bloomberg and May��s 12.8 reading, according to Sentix in Limburg, Germany. The region��s 18-nation common currency dropped against 13 of its 16 major counterparts. Gold gained...

Gold Holds Above 4-Month Low as Equity Rally Weighed With Buying

Gold held above the lowest level in four months on speculation that price declines after a rally in equity markets may spur purchases. Gold for immediate delivery traded at $1,253.98 an ounce by 10 a.m. in Singapore from $1,252.34 yesterday, according to Bloomberg generic pricing. Bullion fell to $1,240.73 on June 3, the lowest since Jan. 31, as signs of an economic recovery in the U.S. drove the Standard & Poor��s 500 Index to...

Dollar-Yen Volatility Near Record Low Before U.S. Spending, BOJ

A gauge of expected price swings in the dollar versus the yen remained near a record low as traders awaited this week��s data on U.S. consumer spending and a policy decision from the Bank of Japan. The Bloomberg Spot Dollar Index, which gauges the greenback against 10 major peers, rose for a second day yesterday after Federal Reserve Bank of Boston President Eric Rosengren said economic growth will pick up in the second half amid œpretty...

Yen Holds Weekly Drop After Payrolls

The yen held last week��s losses versus the dollar after data on U.S employment and Chinese exports bolstered the outlook for the global economy. Platinum rose after Asian index futures paced gains in U.S. stocks. Japan��s currency lost 0.1 percent to 102.62 per dollar by 7:33 a.m. in Tokyo after slipping 0.7 percent last week. Standard & Poor��s 500 Index futures were little changed, following the gauge��s 0.5 percent jump to another...

Gold Trades Above Four-Month Low as Price Drop May Spur Buying

Gold held above the lowest level in four months on speculation recent declines may spur purchases. Palladium reached a 34-month high. Gold for immediate delivery traded at $1,252.87 an ounce by 11:50 a.m. in Singapore from $1,253.23 on June 6, according to Bloomberg generic pricing. The metal on June 3 dropped to $1,240.73, the lowest since Jan. 31, as signs of a U.S. economic recovery drove...

Dollar Steady in Asia After Solid Jobs Data

The dollar and euro edged up against the yen in Asia on Monday as confidence was boosted upbeat US jobs data that suggested a recovery in the world's number one economy is well on track. The greenback changed hands at 102.52 yen in Tokyo midday trade against 102.50 yen in New York Friday. The euro was slightly higher at  $1.3644 and 139.88 yen against $1.3641 and 139.80 yen. Investors tend to sell the yen and move into riskier assets...

WTI Oil Holds Near Three-Day High

West Texas Intermediate crude held near a three-day high and Brent was steady in London after stronger-than-expected Chinese trade data bolstered the economic outlook for the world��s second-biggest oil user. U.S. futures were little changed in New York after declining less than 0.1 percent last week. China��s exports climbed 7 percent in May from a year earlier, the Beijing-based customs administration said yesterday. That beat the...

Gold firm above $1,250; but stock rally curbs demand

Gold was firm above $1,250 an ounce on Monday after U.S. jobs data matched expectations, while a rally in stocks curbed the metal's appeal as an investment hedge. Spot gold was trading flat at $1,252.51 an ounce by 0021 GMT, after losing less than 0.1 percent on Friday. U.S. employment returned to its pre-recession peak in May, with a solid pace of hiring that offered confirmation...

Yen Holds Weekly Drop After Payrolls

The yen held last week��s losses versus the dollar after data on U.S employment and Chinese exports bolstered the outlook for the global economy. Platinum rose after Asian index futures paced gains in U.S. stocks. Japan��s currency lost 0.1 percent to 102.62 per dollar by 7:33 a.m. in Tokyo after slipping 0.7 percent last week. Standard & Poor��s 500 Index futures were little...