$1319.33 range. The precious metal needs to take out the Aug 8 highs near
$1322.76 and the July 18 highs near $1324.70 before upward momentum can mount
towards the summer highs near $1345.17, seen July 10. Otherwise, gold will
remain rangy, traders say. The World Gold Council, in its Q2 2014 Gold Demand
Trends released earlier, noted that Q2 gold demand of 963.8 tons, was 16% below
Q2 2013's 1,148.3 tons. "Sharp declines in the consumer segments of gold demand
came as no surprise, given the stark contrast in conditions in the global gold
market between the two time periods," the report says. 2014 could be a pivotal
year in terms of supply (supply expected to slow in coming quarters). Net
purchases by central banks totaled 117.8tons, the 14th straight quarter of net
buying and a 28% increase over the same period in 2013. EM CBs were the dominate
reported purchasers, "with Russia (54t, Kazakhstan (7k) and Taijikstan $3t)
being the most significant" on the quarter.
-- Dodano: czw 14-08-2014, 21:25 --
highend pisze:i jeszcze:
http://biznes.onet.pl/czy-zejdziemy-pon ... lizy-detal
co pisałem o ropie, brent i wti lecą na pysk.
US OIL CLOSE: Oil continued to be weighed by both over supply and under demand
concerns Thursday. NYMEX Sept light sweet crude oil futures settled down $2.01
at $95.58 per barrel, after trading in a $95.28 (after hours) to $97.59 range.
The earlier low was the lowest level since January 27. From the June 20 peak of
$107.73 to the low seen earlier, WTI was off $12.45. ICE Brent settled down
$2.27 at $102.01 per barrel, after trading in a $101.92 to $104.33 range. From
the 2014 peak of $115.71, seen June 19, to the trough seen earlier, Brent was
off $13.79. TD oil analysts maintain that refinery utilization will start to
trend lower, and "more noticeably so come mid-September, after replenishing
product stocks post peak-driving season as the empirical pattern dictates."
Nevertheless, "the pace of utilization declines will be slower in comparison
with previous years as US refineries will continue to be globally competitive
due to the increase in domestic production allowing for sustained product
margins and corresponding exports," they say.
