Money Matters - Simplified

New York Mercantile Exchange

Gold hit lowest mark in 2012 as dollar strengthens

Precious metal Gold hit the lowest mark in the first quarter of 2012 as investors show less interest in it and invested largely on Dollar and strengthens it.

Silver prices plunge, gold falls in tandem

Gold, silver prices fell dramatically in early Monday trade in Asia.

Gold and dollar little changed Thursday

New York -- Gold prices held steady Thursday in New York as equities were mixed and the dollar turned flat after three days of increases.

The Dow Jones industrial average lost 2.42 points or 0.02 percent. The Standard & Poor's index climbed modestly, adding 4.72 points or 0.38 percent to 1,233.00.

The dollar index rose 0.08 percent, a relatively flat performance, but one that comes after gains of 0.5 percent Tuesday and 0.17 percent Wednesday.

On the Comex division of the New York Mercantile Exchange gold added $3.10 to $1,386.30 per troy ounce. Crude oil prices for January delivery added 17 cents to $88.45 per barrel.

Crude oil prices steady Wednesday

New York -- Crude oil prices held steady on the New York Mercantile Exchange overnight with equities mixed in Asia and Europe and the dollar index up 0.25 percent.

Traders are waiting for an afternoon report on U.S. energy stockpiles and keeping an eye on weather reports that presume a seasonal increase in a demand for heating oil.

January delivery light, sweet crude oil in New York added 2 cents overnight to $88.71 per barrel. Heating oil prices rose 0.38 cents to $2.474 per gallon. Reformulated gasoline blendstock prices lost 0.2 cents to $2.321 per gallon.

Henry Hub natural gas prices added 15.9 cents to $4.552 per million British thermal units.

Crude oil drops under $89

New York -- Crude oil prices slid Tuesday after peaking above $90 per barrel for the second time in a week.

Prices reached $90.76 in overnight trading but lost ground as the dollar index rose 0.5 percent. U.S. equity markets started strong but closed flat as enthusiasm over a tax plan compromise announced by the White House faded by the close of trading.

The price of January light, sweet crude oil on the New York Mercantile Exchange dropped $2.46 from the peak to $88.30. Heating oil prices lost 0.57 cents to $2.47 per gallon. Reformulated gasoline prices dropped 2.93 cents to $2.3124 per gallon.

Henry Hub natural gas prices shed 1.03 cents to $4.485 per million British thermal units.

Gold slides with dollar index higher

New York -- Gold prices slid under $1,400 per ounce in New York, losing $17.60 or 1.2 percent Tuesday, as the dollar index rose 0.5 percent.

The Dow Jones industrial average lost ground for the second consecutive day, dropping 3.03 points or 0.03 percent, as early gains prompted by an announced agreement to extend the George W. Bush era tax cuts failed to hold.

On the Comex division of the New York Mercantile Exchange gold lost $17.60 to $1,398.50 per troy ounce. Crude oil prices for January delivery lost $1.19 cents to $88.19 per barrel.

The U.S. dollar was mixed in Asia and Europe. The euro fell to $1.3263 from Monday's $1.3314. Against the yen, the dollar rose to 83.48 yen from Monday's 82.66 yen.

Crude oil hovers near $88

New York -- Crude oil prices hovered near $88 per barrel on the New York Mercantile Exchange Friday morning with little price movement.

January delivery light,sweet crude oil added 16 cents overnight to $88.01 per barrel. Heating oil prices gained 0.04 cents to $2.455 per gallon. Reformulated gasoline blendstock prices fell 1.93 cents to $2.2336 per gallon.

Henry Hub natural gas prices gained 2.6 cents to $4.369 per million British thermal units.

At the pump, the national average price of unleaded gasoline reached $2.90 per gallon from Thursday's $2.879, AAA said.

Copyright 2010 United Press International, Inc. (UPI).

Crude oil holds near $87 per barrel

New York -- Crude oil prices held steady near $87 per barrel on the New York Mercantile Exchange, as the European Central Bank kept lending rates unchanged.

The ECB left its bank-to-bank lending rate at 1 percent, as investors kept an eye on the ongoing debt crisis in Europe.

In New York, January delivery light, sweet crude prices added 38 cents to $87.13 overnight. Heating oil prices gained 1.95 cents to $2.4251 per gallon. Reformulated gasoline blendstock prices picked up 3.73 cents to $2.3377 per gallon. Henry Hub natural gas prices gained 5.1 cents to $4.32 per million British thermal units.

Gold gains on weaker dollar

New York -- Gold prices rose in New York Monday as equities moved sharply higher and the dollar index moved lower, down 0.64 percent.

The Dow Jones industrial average surged higher, up 2.27 percent. The Standard & Poor's index gained 2.16 percent, while the Nasdaq index gained 2.05 percent.

Investments found support from improved fundamentals with payroll firm Automatic Data Processing Inc. reporting private sector jobs rose for the 16th consecutive month in November

On the Comex division of the New York Mercantile Exchange gold prices gained $2.50 to $1,388.60. Crude oil prices for January delivery added $2.66 to $86.77 per barrel.

Crude oil prices slide under $84

New York -- Crude oil prices lost ground Tuesday on the New York Mercantile Exchange, dropping under $84 per barrel with the dollar index down 0.06 percent.

Oil traders are balancing out concerns of diminished expectations for growth in Europe given the ongoing debt crisis that resulted in a financial bailout for Ireland this week and indications China is considering policy adjustments to slow inflation.

The European Commission said Monday that growth in Europe was expected to be "muted" through 2012 with the gross domestic product gaining 1.75 percent in 2011 and 2 percent in 2012.