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Gold futures rallied to a seven-week high on Monday amid growing expectations that the Federal Reserve will hold off on hiking interest rates until 2016.  Gold for December delivery on the Comex division of the New York Mercantile Exchange hit an intraday peak of $1166.40 a troy ounce the most since August 24 before trading at $1164.50 during European morning hours up $8.60 or 0.74%. There will be no floor trading on the Comex on Monday because of the Columbus Day holiday in the U.S. All…

Gold futures rallied to a seven-week high on Monday amid growing expectations that the Federal Reserve will hold off on hiking interest rates until 2016. Gold for December delivery on the Comex division of the New York Mercantile Exchange hit an intraday peak of $1166.40 a troy ounce the most since August 24 before trading at $1164.50 during European morning hours up $8.60 or 0.74%. There will be no floor trading on the Comex on Monday because of the Columbus Day holiday in the U.S. All…

Crude oil futures rose on Friday to snap a week-long decline as investors bet falling U.S. production would cut a global surplus while the country's gasoline and distillate inventories dropped more than expected. "The market is catching up with decreasing U.S. crude production. U.S. crude production has resumed its downtrend" said Daniel Ang an investment analyst at Singapore-based Phillip Futures Pte Ltd.  Data from the Energy Information Administration (EIA) showed that gasoline stocks…

Crude oil futures rose on Friday to snap a week-long decline as investors bet falling U.S. production would cut a global surplus while the country's gasoline and distillate inventories dropped more than expected. "The market is catching up with decreasing U.S. crude production. U.S. crude production has resumed its downtrend" said Daniel Ang an investment analyst at Singapore-based Phillip Futures Pte Ltd. Data from the Energy Information Administration (EIA) showed that gasoline stocks…

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