Commodities

New York sell orders in thin trade trigger Shanghai gold rout

In early Asian trading hours on Monday, when typically only tens of contracts of gold are traded, investors dumped more than $500 million worth of bullion in New York in four seconds, triggering the market’s biggest rout in years. The sell-off began when one or more massive sell orders hit the price of gold on the CME Group’s Comex futures ...

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Commodity Rout Pummels Miners, Energy Shares; Stocks End Mixed

The rout in commodities worsened as the prospect of higher U.S. interest rates sent gold to the lowest level in more than five years and oil beneath $50 a barrel. Bullion lost 2.2 percent to settle at $1,106.80 an ounce by 4 p.m. in New York, sending the Bloomberg Commodity Index to a 13-year low. Mining stocks drove equity losses ...

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Oil edges lower as Saudi crude exports fall, U.S. cuts drill rigs

Oil prices edged lower on Monday as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in U.S. drilling activity seen earlier this month seemed to fizzle out. Both international and U.S. crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a ...

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