Gold swings between gains and losses amid outflows from ETPs

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Source: Bloomberg
Gold fluctuated on Wednesday moving up slightly during Asian trading hours and reversing during trading hours in Europe and U.S. as buyers were lured by a 3.3% fall recorded in last four sessions and by further outflows from ETPs. Bullion for immediate delivery was little changed at $1,425.79 as of 12:33 p.m. in Singapore, while June gold futures were at $1,424.70 on the New York's Comex.

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Wed, 15 May 2013 09:14:03 GMT

WTI trades near 14-day low amid rising supplies

West Texas Intermediate oil was traded close to its lowest level in almost a 14-day period on Wednesday amid signs of increasing inventories as crude stockpiles advanced 1.1 million barrels last week. WTI for delivery next month was traded 11 cents higher at $94.32 a barrel as of 12:42 p.m. on the NYMEX after the prices fell 96 cents yesterday

Wed, 15 May 2013 08:52:05 GMT

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