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MW: Bank of America sees Brent at $175/barrel in 2012
  20 Jul 17:18
 
By Sarah Kent
--BOfA Merrill Lynch sees brief $175/bbl spike next year

--Spike dependent on delays to return of Libyan crude, global growth

--Risks of delays to Libyan supply remain skewed to upside

(Adds 2012 forecast, details throughout...
 
MY: Oil gains on US debt hopes, tight supply
  20 Jul 17:18
 
Oil rose over a dollar on Wednesday, bolstered by hopes of a US debt deal and by tightening crude stocks in the world\'s largest oil consumer...
 
EX: Pound forecasts: RBS say GBP USD could weaken
  20 Jul 17:17
 
RBS still look for the pound dollar rate to weaken as GBP re-establishes its historical correlation with Euro-zone periphery stress and UK bank share prices...
 
BLBG: EMC Second-Quarter Earnings Rise 28%
  20 Jul 17:16
 
EMC Corp...
 
CN: US Housing Stability Helps Wall Street Pare Losses
  20 Jul 17:15
 
Recent losses on Wall Street were mostly offset yesterday as investors sought out riskier assets from positive data on the American housing market...
 
MY: MCX gold futures ease from record high
 
 
India gold futures eased from their record high on Wednesday afternoon, as traders sought to book profits after the yellow metal gained about 5% since the start of the month...
 
FM:BULLION MORNING - Gold falls as investors take profits, all eyes on tomorrow's EU meeting
  20 Jul 15:52
 
London 20/07/2011 - Gold prices fell below the key $1,600 per ounce level in Europe on Wednesday, pulled back by profit-taking after a strong eleven-day performance, with investors also nervous ahead of a decisive eurozone meeting tomorrow...
 
BP:Gold Price Climbs To New Record On Debt Uncertainty
  20 Jul 15:50
 
The price of gold has hit a new record price of $1,610 an ounce as debt worries in the US and Europe have intensified...
 
BLBG:AllianceBernstein Stops Betting Against Dollar
  20 Jul 15:49
 
AllianceBernstein LP, a New York- based fund manager with $460 billion in assets, said it ended its bets against the dollar as the debt crisis in the euro region deteriorates...
 
BLBG:Copper Declines for First Day in Four as Three-Month High Spurs Selling
  20 Jul 15:48
 
Copper fell in London for the first day in four as some investors sold the metal after it reached a three-month high yesterday, along with zinc and lead...
 
BLBG:China Signals More Yuan Gains After Enabling 17-Year High Against Dollar
  20 Jul 15:47
 
China said that it can allow more yuan moves without jeopardizing its foreign-exchange reserves after letting the currency rise today to a 17-year high against the dollar...
 
BLBG:Gold May Decline on Optimism Solution Is Nearer for Sovereign-Finance Woes
  20 Jul 15:46
 
Gold may decline for a second day in London as optimism policy makers are moving closer to resolving debt woes in Europe and the U...
 
BLBG:Dollar Weakens as Stocks Rise on Optimism for U.S., European Debt Solution
  20 Jul 15:46
 
The dollar fell against the euro for a second day as stocks rose amid speculation policy makers are moving closer to resolving a deadlock on U...
 
ET:Rupee up on Asian peers, firm euro
  20 Jul 14:57
 
MUMBAI: The Indian rupee nudged higher on Wednesday afternoon supported by Asian peers and a slightly firm euro ahead of the euro zone emergency summit on Thursday...
 
BLBG:UBS’s Wyatt Says Rupee Will Reach 40 Against Dollar Next Year
  20 Jul 14:56
 
Philip Wyatt, a senior economist at UBS AG in Hong Kong, comments on the outlook for India’s rupee...
 
EE:US dollar exchange rate, USD: Recoveries made against CHF and JPY
  20 Jul 14:55
 
The euro dollar exchange rate is 0...
 
ET:Euro gains, but caution remains before euro summit
  20 Jul 14:54
 
LONDON: The euro rose against the dollar on Wednesday, with investors hopeful European leaders will reach some kind of deal to ease the debt problems in Greece at this week\'s summit but doubtful that this would ease fears of contagion...
 
FX:Crude oil futures gain on U.S. debt talks, declining supplies
  20 Jul 14:53
 
Forexpros – Crude oil futures were up for a second day on Wednesday, hovering close to a one-week high amid signs of progress on lifting the U...
 
AB:Euro edges up but doubts remain over EU summit
  20 Jul 14:52
 
The euro inched higher against the dollar on Wednesday but further rally seems to be limited, due to doubts that a euro zone summit this week will offer a long-term solution to the euro zone\'s sovereign debt crisis...
 
RTRS:China urges U.S. to boost confidence in debt, dollar
  20 Jul 14:48
 
BEIJING (Reuters) - China pressed the United States to take \"responsible\" measures to boost market confidence in the dollar and U...
 
BS:Crude palm oil futures trade marginally up on global cues
  20 Jul 14:47
 
Buoyed by a firming trend in the global markets, crude palm oil prices traded marginally higher by 0...
 
BLBG:Crude Oil Advances a Second Day on Decline in U.S. Supplies, Europe Talks
  20 Jul 14:47
 
Oil advanced for a second day in New York on signs that crude stockpiles are shrinking in the U...
 
BLBG:Dollar Weakens as Stocks Rise on Optimism for U.S., European Debt Solution
  20 Jul 14:00
 
The dollar fell against the euro for a second day as stocks rose on mounting optimism policy makers are moving closer to resolving a deadlock on U...
 
BLBG:Copper, Zinc Drop for the First Time in Four Days on European Debt Concern
  20 Jul 13:35
 
Copper and zinc fell for the first time in four days in London as some investors viewed recent gains as excessive amid concern the European debt crisis may slow global economic growth...
 
BLBG:Copper Declines First Day in Four on European Debt Concerns: LME Preview
  20 Jul 13:35
 
Copper declined for the first time in four days in London as some investors viewed recent gains as excessive amid concern the European debt crisis may slow global economic growth...
 
BLBG:Euro Declines 0.3% Versus Japan’s Yen, Pares Advance Against U.S. Dollar
  20 Jul 13:34
 
The euro fell 0...
 
BLBG:TA:Australian dollar rallies as Obama progresses on debt-ceiling talks
  20 Jul 13:17
 
AllianceBernstein LP, a New York- based fund manager with $460 billion in assets, said it ended its bets against the dollar as the debt crisis in the euro region deteriorates...
 
RTRS:UPDATE 2-Oil surges on US debt talks; awaits EIA data
  20 Jul 13:16
 
* API data shows US crude stocks down 5...
 
AJC:Oil rises above $98 after US crude supply drop
  20 Jul 13:14
 
SINGAPORE — Oil prices rose to above $98 a barrel Wednesday in Asia after a report showed U...
 
ER:Retail gold buyers in UAE spot booking purchases to beat price rises
  20 Jul 13:11
 
Retail gold buyers in the UAE have begun to spot-book their purchases because of the spiraling price of gold...
 
BLBG:South African Oil Wage Talks Could Resume Tomorrow In Effort to End Strike
  20 Jul 13:10
 
Royal Dutch Shell Plc (RDSA), BP Plc (BP/) and other oil companies operating in South Africa will probably resume pay talks to end a 10-day strike that has caused fuel shortages...
 
BLBG:Afren, Focused on Africa, Declines After Cutting 2011 Oil Production Goal
  20 Jul 13:06
 
Afren Plc (AFR), a U...
 
MW:Oil gains on signs of U.S. debt-ceiling progress
  20 Jul 13:02
 
By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — Oil futures advanced in electronic trading on Wednesday, amid signs of progress on talks to lift the U...
 
RI:Copper hits three-month high on strong US housing data
  20 Jul 13:00
 
The most actively traded contract, for September delivery, settled up US6...
 
RTRS:R\UPDATE 2-Russia offers Germany gas, rare earths to nudge China
  20 Jul 12:59
 
* Medvedev and Merkel discuss raw materials deal

* Russia says has vast rare earths deposits

* Moscow eyes German power market after nuclear exit

(Recasts with Merkel and Medvedev news conference)

By Alexei Anishchuk and Andreas Rinke

HANOVER, Germany, July 19 (Reuters) - Russia offered Germany long-term deals for natural gas and rare earths on Tuesday, putting pressure on China, which currently dominates the rare earths market, to end delays in agreeing to imports of Russian gas...
 
RTE:US housing data boosts oil prices
  20 Jul 12:58
 
Oil was higher in Asian trade today as investors drew hope from better than expected housing data in the US, the world\'s biggest crude user...
 
PAIV:D’Aguilar Gold reports Solomon Gold precious metal hits at Kauffmans-Homestead
  20 Jul 12:47
 
D’Aguilar Gold (ASX: DGR) holds 12...
 
MC:MCX gold futures seen at record
  20 Jul 12:46
 
India\'s gold futures are likely to open a tad higher on Wednesday morning, recovering from previous session\'s losses to hit another record high, following firm overseas markets, analysts said...
 
MC:Crude advances on strong US housing data
  20 Jul 12:45
 
In commodities, crude advances as investor confidence rises on strong US housing data and renewed hope for an agreement in Washington on thorny budget issues...
 
MC:Rupee to remain strong: Manis Thanawala
  20 Jul 12:44
 
Manis Thanawala, Greenback Forex said that, \"The rupee is likely to be strong on the back of Euro\'s strength ahead of the EU leaders\' summit...
 
MC:Rupee steady on caution before euro zone meet
  20 Jul 12:42
 
The rupee was little changed on Tuesday as firmer Asian peers and gains in local shares were offset by a wobbly euro...
 
CO:Base metals may zoom on improved China leading index
  20 Jul 12:34
 
MUMBAI (Commodity Online): Investor\'s positive mood may continue amid climb in China leading index indicating growth in its economy expansion coupled with renewed hopes on U...
 
BLBG:British Pound Falls Versus Most Major Peers Before Bank of England Minutes
  20 Jul 12:32
 
The pound declined against most of its major peers tracked by Bloomberg before the release of the minutes of the Bank of England’s July policy meeting at which policy makers decided to keep interest rates at a record low...
 
OP:Natural Gas Market in India to grow due to rising demand and government thrust
  20 Jul 12:31
 
Mumbai, India – July 19, 2011 – Netscribes (India) Pvt...
 
RTRS:Gold steady on light buying, Europe debt fears
  20 Jul 12:26
 
(Reuters) - Gold held steady on Wednesday, as light buying in Asia trickled in after prices pulled back from a record high and persistent concerns on euro zone\'s debt crisis supported sentiment...
 
BLBG:Gold May Rebound on Concern European Leaders Will Struggle to Stem Crisis
  20 Jul 12:23
 
Gold may rebound after dropping from a record as concern that Europe’s leaders will struggle to resolve the region’s sovereign-debt crisis at a meeting tomorrow increased haven demand...
 
FX:US Dollar Waiting for Renewed S&P 500 Selling to Spark Advance
  20 Jul 12:21
 
THE TAKEAWAY – The overall bearish implications of SP 500 positioning remain intact despite today’s bounce, arguing for a forthcoming advance in the safe-haven US Dollar...
 
ET:Euro flat against dollar amid hopes for EU summit
  20 Jul 12:18
 
TOKYO: The euro was flat against the dollar in Asia Wednesday, with earlier strength caused by hopes of a resolution to Greek bailout talks offset by progress in the US debt ceiling stand-off...
 
BLBG:Oil Rises For a Second Day on Shrinking Crude Stockpiles, Stronger Economy
  20 Jul 12:17
 
Oil advanced for a second day in New York as investors bet that shrinking stockpiles and signs of economic recovery in the U...
 
BLBG:Gold to Extend Record Rally If U.S. Increases Debt Limit: Chart of the Day
  20 Jul 12:15
 
Gold may rally further from this month’s record if President Barack Obama wins lawmakers’ agreement to raise the U...
 
MW:Dollar drifts lower after rise on U.S. debt hopes
  20 Jul 12:03
 
By Lisa Twaronite, MarketWatch
TOKYO (MarketWatch) — The dollar drifted lower Wednesday, after getting a lift earlier from hopes of progress on ongoing U...
 
MC:Rupee steady; euro zone summit awaited
  20 Jul 11:57
 
The rupee treaded water on Wednesday as traders lowered their expectations for a quick resolution at a summit of euro zone leaders on Thursday to tackle Europe\'s sovereign debt crisis...
 
BLBG:Euro Weakens Versus Yen as European Leaders Prepare to Meet on Debt Crisis
  20 Jul 11:56
 
The euro fell against the yen before French President Nicolas Sarkozy and German Chancellor Angela Merkel meet amid concern European leaders will fail to reach a solution to the region’s debt crisis at a summit tomorrow...
 
SC:FX round-up: Euro up on Greece optimism
  20 Jul 11:56
 
LONDON (SHARECAST) - The euro made progress against the dollar on Tuesday amid signals that progress has been made in talks about Greece\'s financial aid package ahead of Thursday\'s key meeting between European officials...
 
RTRS:Murdoch gives Singapore top marks for paying ministers top dollar
  20 Jul 11:54
 
(Reuters) - Rupert Murdoch praised wealthy Singapore for paying its ministers top dollar to avoid corruption, but a government-appointed committee in the Southeast Asian city-state is reviewing the million-dollar salaries because of public anger...
 
CO:Nickel futures trade higher on MCX
  20 Jul 11:53
 
AHMEDABAD (Commodity Online): MCX Nickel July contract yesterday traded with the negative node and settled -1...
 
FT:July Gas Prices Continue To Rise Across The US
  20 Jul 11:51
 
Gas prices have continued to rise during the month of July...
 
ET:Rupee up by another 5 paise vs dollar
  20 Jul 11:50
 
MUMBAI: The Indian rupee advanced by another 5 paise to Rs 44...
 
BLBG:India’s Rupee Strengthens as Stocks Rally on U.S. Debt Plan
  20 Jul 11:50
 
India’s rupee strengthened for a second day as global stocks rallied on speculation the U...
 
SC:Rupee gains 3 paise against US dollar in early trade
  20 Jul 11:49
 
Mumbai: The Indian rupee strengthened by 3 paise to Rs 44...
 
RTRS:Rupee steady; euro zone summit awaited
  20 Jul 11:48
 
(Reuters) - The rupee treaded water on Wednesday as traders lowered their expectations for a quick resolution at a summit of euro zone leaders on Thursday to tackle Europe\'s sovereign debt crisis...
 
ET:Gold seen at record; copper may fall from 3-month high
  20 Jul 11:47
 
MUMBAI: Gold futures are likley to open a tad higher on Wednesday morning, recovering from previous session\'s losses to hit another record high, following firm overseas markets, analysts said...
 
RTRS:Oil rises on US debt talks, dollar and tight crude stocks
  20 Jul 11:46
 
SINGAPORE (Reuters) - Oil rose on Wednesday, supported by hopes of a U...
 
BLBG:China May Plan Ninefold Increase in Coal-Seam Gas Output, Bernstein Says
  20 Jul 11:45
 
China may increase subsidies for coal-seam gas production amid a plan to increase output ninefold by 2015, Sanford C...
 
ET:Gas prices creep back up
  20 Jul 11:45
 
Drivers are paying more for gas again...
 
LM:Oil rises on US debt talks; awaits EIA data
  20 Jul 11:43
 
Singapore: Oil rose on Wednesday, supported by hopes of a US debt deal, a weakening dollar against the euro and tightening crude stocks in the world’s largest oil consumer...
 
RTRS:Gold ends record rally on debt talk hopes
  20 Jul 11:43
 
(Reuters) - Gold prices snapped an unprecedented 11-day winning streak on Tuesday, falling more than 1 percent as signs of progress in talks to avert a U...
 
PR:Pan American Metals of Miami says Silver is Also an Attractive Investment
  20 Jul 11:42
 
(1888PressRelease) July 20, 2011 - MIAMI, FL - While skyrocketing gold prices may have dominated the headlines, silver should not be neglected as an investment vehicle...
 
RTRS:Gold inches up on light buying; Europe debt fears persist
  20 Jul 11:41
 
(Reuters) - Gold edged higher on Wednesday, as light buying in Asia trickled in after prices pulled back from a record high and persistent concerns on euro zone\'s debt crisis supported sentiment...
 
SC:Commodities: Crude inches higher, gold eases
  20 Jul 11:40
 
LONDON (SHARECAST) - Crude oil futures rose following the release of stronger than expected US housing data and as the American Petroleum Institute\'s inventory data showed crude stocks fell much more than expected last week...
 
AG:Spike in gold prices draws investor interest
  20 Jul 11:38
 
FRESNO, California (KFSN) -- Gold\'s reputation as a safe investment and uncertainty over the federal debt ceiling helped gold prices hit a record high this week...
 
PAIV:Gunson Resources drilling targets high grade copper gold at Emmie Bluff Prospect
  20 Jul 11:34
 
Gunson Resources (ASX: GUN) has commenced the first hole of the 2011 deep diamond drilling program at the Emmie Bluff Prospect within the Mount Gunson project, targeting high grade copper gold mineralisation...
 
BLBG:Canada Dollar Reaches an 11-Week High After Carney’s BOC Rate Statement
  20 Jul 11:33
 
Canada’s dollar reached the strongest in 11 weeks after the Bank of Canada kept its main interest rate unchanged and said borrowing costs will increase as the economy recovers...
 
BLBG:Euro Falls Versus Dollar, Yen Ahead of European Leader Meeting Over Debt
  20 Jul 11:31
 
The euro fell against the dollar and yen, reversing early gains, as European leaders prepare for a summit tomorrow on how to contain the region’s debt crisis...
 
BLBG:Gold to Extend Record Rally If U.S. Increases Debt Limit: Chart of the Day
  20 Jul 11:28
 
Gold may rally further from this month’s record if President Barack Obama wins lawmakers’ agreement to raise the U...
 
MW:Gold futures give up $1,600/ounce level
  20 Jul 11:27
 
By V...
 
BLBG:Gold Rebounds Toward Record on Concern Europe Summit Won’t Fix Debt Crisis
  20 Jul 11:26
 
Gold rebounded after dropping from a record as concern that Europe’s leaders will struggle to resolve the region’s sovereign-debt crisis at a meeting tomorrow increased haven demand...
 
BLBG: Oil Climbs for Second Day on Shrinking Crude Stockpiles, Stronger Economy Q
  20 Jul 11:05
 
Oil advanced for a second day in New York as investors bet that shrinking stockpiles and signs of economic recovery in the U...
 
BLBG: Record Gold Price Fails to Deter Buying in India, Jeweler Says
  20 Jul 11:05
 
Consumers in India, the world’s biggest gold user, are boosting purchases of the metal for investment, undeterred by record prices, according to jeweler Joyalukkas India Ltd...
 
BLBG: U.S. 30-Year Bond Yields Drop Most Since 2010 as Obama Endorses Proposal
  20 Jul 11:00
 
Treasury 30-year bond yields fell the most since 2010 after President Barack Obama endorsed a deficit-cutting proposal by a bipartisan group of senators that would end a stalemate on the U...
 
BLBG: Ruble Has Biggest Jump in Week Versus Dollar as Crude Rises on Europe Bets
  20 Jul 11:00
 
The ruble appreciated the most against the dollar in almost a week as speculation European lawmakers will reach an agreement on the region’s debt crisis boosted oil prices...
 
BLBG: IndusInd Bank’s Harding Predicts Rupee Will Decline
  20 Jul 10:59
 
(Corrects prediction for the level to which rupee will decline to 45...
 
TH: Rupee gains 3 paise against U.S. dollar in early trade
  20 Jul 10:59
 
The Indian rupee strengthened by 3 paise to Rs...
 
ENM: Gold seen at record; copper may fall from 3-month high
  20 Jul 10:59
 
MUMBAI: Gold futures are likley to open a tad higher on Wednesday morning, recovering from previous session\'s losses to hit another record high, following firm overseas markets, analysts said...
 
BLBG: Asian Currencies Strengthen on Gains in Global Stocks, U.S. Housing Data
  20 Jul 10:58
 
South Korea’s won and Malaysia’s ringgit led gains in Asian currencies as better-than-expected U...
 
BLBG; New Zealand Dollar Surges on Prospects for Rate Increase; Aussie Advances Q
  20 Jul 10:57
 
New Zealand’s dollar rose against all of its most-traded peers as investors bet the nation’s central bank may raise interest rates as early as next week...
 
BLBG: Dollar Holds Gain Versus Swiss Franc as Obama Backs Deficit-Cutting Plan
  20 Jul 10:57
 
The dollar maintained a two-day gain against the Swiss franc after President Barack Obama endorsed deficit-cutting measures as a step toward raising the debt ceiling and avoiding default...
 
RTRS: UPDATE 1-Oil rises on US debt talks; awaits EIA data
  20 Jul 10:56
 
* API data shows US crude stocks down 5...
 
BLBG: Crude Oil Advances on Surging U.S. Housing Starts and Earnings Reports
  20 Jul 10:55
 
Crude oil rose as U...
 
MW: Hong Kong shares rise in early trade on U.S. cues
  20 Jul 10:54
 
By V...
 
CG: Gold still shining, but some say plunge possible
  20 Jul 10:54
 
Solutions to U...
 
MW: Oil gains on signs of U.S. debt-ceiling progress
  20 Jul 10:53
 
By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — Oil futures advanced in electronic trading on Wednesday, amid signs of progress on talks to lift the U...
 
MW: Gold futures give up $1,600/ounce level
  20 Jul 10:52
 
By V...
 
MSN: Gold wavers above $1,600
  19 Jul 22:28
 
By Alix Steel

Gold prices were struggling to hold new highs Tuesday, one day after breaking above $1,600 an ounce, as concerns that the market had become overbought in recent weeks came to the forefront...
 
BLBG: Euro Strengthens on Optimism Debt Agreement Will Be Reached; Franc Falls
  19 Jul 22:28
 
The euro rallied against the dollar and rose from almost a record low versus the Swiss franc on bets European officials are approaching an agreement over measures designed to contain the region’s sovereign-debt crisis...
 
BLBG: Canada Dollar Reaches an 11-Week High After Carney’s BOC Rate Statement
  19 Jul 22:27
 
Canada’s dollar reached the strongest in 11 weeks after the Bank of Canada kept its main interest rate unchanged and said borrowing costs will increase as the economy recovers...
 
BLBG: Wheat Jumps to One-Month High as Feed Use of Grain Fueled by Rally in Corn
  19 Jul 22:16
 
Wheat futures climbed to a one-month high on speculation that U...
 
BLBG: Copper Advances to a Three-Month High as U.S. Housing Starts Top Forecasts
  19 Jul 22:15
 
Copper futures rose to a three-month high after a government report showed housing starts in the U...
 
BLBG: Oil Gains in New York as U.S. Supplies, China Demand Counter Europe Debt
  19 Jul 22:13
 
Oil climbed in London for the first time in four days on speculation that European lawmakers may reach an agreement to resolve the region’s debt crisis, and on signs of shrinking crude stockpiles in the U...
 
MW: Goldman’s best days may be over
  19 Jul 22:11
 
Commentary: Scrutiny of the brokerage’s practices may be to blame
By MarketWatch
NEW YORK (MarketWatch) — Shareholders, analysts, the public and certainly Goldman Sachs Group Inc...
 
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