Carole Vaporean

Gold soars 3 percent on U.S. govt deal, oil drops on industry data

Oct 17 2013

NEW YORK Grains and gold prices rose on Thursday, while most other commodities fell despite the dollar's drop and the resolution of a U.S. budget deal, with U.S. oil prices sliding to their lowest since July after industry data showed supply on the rise.

COMMODITIES-U.S. debt worries boost gold, pressure oil

Oct 07 2013

NEW YORK, Oct 7 Commodity markets finished Monday with mixed results as worries brought on by political wrangling over the U.S. debt drove investors to gold as a safe haven, but kept pressure on oil prices for fear of the potential impact on economic growth.

Ohio utilities body approves modified Ormet power deal

Oct 02 2013

NEW YORK The Public Utilities Commission of Ohio voted on Wednesday to approve Ormet Corp's revised power deal with energy supplier American Electric Power Co Inc , saving the U.S. aluminum producer from likely closure.

COMMODITIES-Grains up as demand grows, new crude supply hits oil

Sep 23 2013

NEW YORK, Sept 23 Commodity markets traded mixed on Monday, with supply increases hitting oil prices, demand increases lifting grains and metals down modestly on uncertainty about when the Federal Reserve will decide to reduce economic stimulus.

Ormet seeks liquidity to keep two aluminum potlines open

Aug 19 2013

NEW YORK, Aug 19 Ormet Corp is negotiating with its equity owner for additional liquidity to keep remaining aluminum operations running, after shutting down two potlines late last week, a spokesman at the U.S aluminum producer said on Monday.

Ohio regulator rejects Ormet's expedited request for cheap power

Jul 31 2013

NEW YORK, July 31 Ohio's state utility regulator on Wednesday rejected Ormet Corp's appeal for an expedited decision on the aluminum producer's request for lower electricity rates, which it said are crucial to operating its aluminum smelter and alumina refinery.

Gold bears say charts point down toward a 3-year low

Jul 26 2013

NEW YORK Spot gold's sharp tumble on Wednesday sent a bearish signal to many technical analysts, suggesting that the precious metal may slide further toward three-year lows.

COMMODITIES-Metals drop after Bernanke testimony, but oil keeps gains

Jul 17 2013

NEW YORK, July 17 Commodity markets were mixed after Federal Reserve Chairman Ben Bernanke testified to Congress, with gold and copper sliding more then 1 percent and crude oil prices maintaining the session's gains.

Gold lower as dollar strengthens

Jul 02 2013

NEW YORK/LONDON Gold was lower on Tuesday as the dollar strengthened and investors looked for further indications that the Federal Reserve may soon end its U.S. stimulus program.

Gold gains after private U.S. jobs growth misses forecast

Jun 05 2013

NEW YORK Gold prices held onto gains in late Wednesday trade as investors sought safer assets after a private U.S. jobs reading fell short of expectations.

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