WTI Trades Near Three-Month High on Crude Supplies

West Texas Intermediate traded near the highest price in three months as government data showed crude inventories dropped for a second week in the U.S., the world��s biggest oil consumer. Brent rose in London. Futures were little changed in New York after advancing 0.1 percent yesterday. Crude stockpiles fell by 2.6 million barrels to 386.9 million last week while gasoline supplies gained, the Energy Information Administration reported....

Gold Holds Near Two-Week High as Palladium ETPs Expand to Record

Gold held near the highest level in two weeks as a rally in equities faltered, boosting demand for alternative investments. Assets in palladium-backed exchange-traded products expanded to a record. Gold for immediate delivery traded at $1,260.35 an ounce by 9:26 a.m. in Singapore from $1,261.07 yesterday, according to Bloomberg generic pricing. The metal yesterday climbed to $1,265.32, the highest level since May 28, as the Dow Jones...

Gold logs third session climb, holds above $1,260

SAN FRANCISCO �� Gold futures settled higher for a third session in a row Wednesday, modestly extending a rise above $1,260 an ounce as optimism over global growth prospects took a hit and equities gave back some gains from their record run.Gold for August delivery rose $1.10, or 0.1%, to settle at $1,261.20 an ounce on the Comex division of the New York Mercantile Exchange. Prices, which marked a fresh two-week closing high, gained roughly...

Gold Set for Longest Rally Since April on Economic Haven Demand

Gold futures headed for the longest rally in six weeks after the World Bank cut its forecast for global economic growth, boosting demand for the metal as a haven.The Washington-based lender estimates the global economy will expand 2.8 percent this year, down from a January projection of 3.2 percent. The bank reduced outlooks for the U.S., China, Russia, India and Brazil. Gold rose to a six-month high in March as tension in Ukraine escalated...

WTI Trades Near Three-Month High on Iraqi Unrest; Brent Gains

West Texas Intermediate traded near the highest level in three months amid concern that Iraqi unrest may threaten oil supply. Brent rose in London as OPEC ministers meet in Vienna.Futures rose as much as 0.4 percent in New York as fighters from a breakaway al-Qaeda group took control of the city of Mosul and there were conflicting reports about the situation in Baiji, home to the Iraq��s biggest refinery. Crude stockpiles probably dropped...

Gold Climbs Toward 2-Week High

Gold rose toward the highest level in almost two weeks as prices that declined to a four-month low spurred physical purchases. Platinum and palladium holdings in exchange-traded products expanded to records. Gold for immediate delivery climbed as much as 0.2 percent to $1,262.69 an ounce before trading at $1,261.09 by 2:07 p.m. in Singapore. The metal yesterday reached $1,263.66, the highest level since May 28, according to Bloomberg...

Gold Holds Near Two-Week High

Gold held near the highest level in almost two weeks as prices that declined to a four-month low spurred physical purchases. Platinum and palladium holdings in exchange-traded products expanded to records. Gold for immediate delivery traded at $1,261.29 an ounce by 9:37 a.m. in Singapore from $1,259.90 yesterday when it reached $1,263.66, the highest level since May 28, according to Bloomberg...

WTI Trades Near Three-Month High on U.S. Supplies

West Texas Intermediate traded near the highest price in three months amid speculation that crude inventories fell for a second week in the U.S., the world��s biggest oil consumer. Brent was steady in London. Futures were little changed in New York after declining 0.1 percent yesterday. Crude stockpiles probably dropped by 2 million barrels last week, a Bloomberg News survey shows before a government report today. OPEC nations representing...

Yen Holds Gains Before BOJ Meeting

The yen held a gain versus the dollar from yesterday amid speculation the Bank of Japan will refrain from expanding stimulus at a policy meeting this week. A gauge of expected price swings in the pair remained near a record low before BOJ Governor Haruhiko Kuroda speaks at a press conference following the central bank decision on June 13. The Australian dollar traded 0.1 percent from a three-week high before a private report on consumer...

Gold settles above $1,260 for first time in 2 weeks

San Francisco �� Gold futures climbed on Tuesday to settle back above $1,260 an ounce for the first time in two weeks, finding support from some weakness in U.S. equities as traders awaited economic data later in the week.Prices for platinum group metals, meanwhile, rallied as talks aimed at ending a prolonged South African mining strike reportedly failed, lifting palladium prices to their highest close in roughly 3 years.Gold for August...