Gold futures rise when US durable-goods orders drop

Source: Bloomberg
Yellow metal futures climbed while US durable goods slumped as a result of flagging growth in foreign economies that weighs on the US recovery, thus boosting attractiveness of high-quality assets. Bullion futures for April settlement advanced 0.6% to $1,287.80 an ounce as of 9:20 a.m. in New York on the Comex. 
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Tue, 27 Jan 2015 22:49:05 GMT

Goldman states oil prices may touch $30 in an extended slide

President of Goldman group, Gary Cohn, believes that oil prices will continue to decrease and reach $30 a barrel. West Texas Intermediate futures for March settlement declined 44 cents to close at $45.15 a barrel, the weakest delivery since March 2009, and crude dropped almost 60% since June.

Tue, 27 Jan 2015 22:27:06 GMT

Saudi Arabia will not balance oil market on its own

The head of Saudi Arabian Oil Co. stated that Saudi Arabia will not balance global oil markets single-handedly, since prices decline "too low for everybody". This also threatens the investment that is needed in order to meet long-term demand. The OPEC decided to keep its production target the same during the November 27 meeting to protect market share.

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