Exxon Mobil, take note. A day after the largest U.S. oil company signed a multi-billion dollar exploration pact with Rosneft, Russia’s largest oil company, masked police officers armed with assault rifles raided the Moscow office of competitor BP.
Perhaps one reason for the nasty tumble gold took on Tuesday can be attributed to folks at the Shanghai Gold Exchange doing its best CME Group (CME) impression and raising forward gold margins by 12%.
A prime beneficiary of the seemingly never-ending bull market for gold has been the SPDR Gold Shares, an exchange-traded fund that made its debut in November 2004 as the first ETF listed in the U.S. to be backed by physical gold holdings.
An ongoing series of debacles has sent gold prices to the moon, leading to concerns for not only investors but also jewelry owners who are now more likely to get robbed.
As consumers and regulators continue to sputter about speculation driving up oil costs, the leakage of Commodity Futures Trading Commission data sheds new light on the trading behind the ugly $5-per-gallon prices in 2008.
Wow, the folks at the CME Group just don’t want anyone to have any fun this year when it comes to trading precious metals
This may just be last straw for beleaguered shareholders of Petrobras (PBR), Brazil’s state-run oil major
After hitting a 52-week high earlier this week, Imperial Sugar Co. (IPSU) made a dramatic reversal in the form of a plunge that took it down 57% by midday today.
Apparently it wasn’t just the debt ceiling debate that was roiling equity markets of the past couple of weeks as the major U.S. indexes all plunged on Tuesday, despite news that Uncle Sam will not default on U.S. debt obligations.
A looming storm of subpoenas is setting the stage for a federal investigation of gas price manipulation.
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