Gold May Extend Rally on More Demand for Dollar Alternative, Survey Shows

(Bloomberg) -- Gold may rise for a second straight
week on speculation that a weaker dollar will boost demand for
the precious metal as an alternative investment.

Seventeen of 27 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on Aug. 2 and Aug. 3 advised
buying gold, which rose 1.8 percent last week to $684.40 an ounce
on the Comex division of the New York Mercantile Exchange. One
respondent said to sell, and nine were neutral.


Read more at Bloomberg Commodities News

U.S. gold futures bounce early, dollar falls vs euro

(Reuters) - At 10:26 a.m. EDT , most-active gold for December delivery on the COMEX division of the New York Mercantile Exchange was up $2.40 at $674.70 an ounce, dealing in a narrow range between $671.80 and $675.20.




A precious metal dealer in New York said that bullion would look for trading cues from the currency market, as a steadily weakening dollar had sent gold to rally $40 before the tumultuous sell-off began on Thursday.


Read more at Reuters.com Hot Stocks News

Gold May Rebound on Investment Demand for Dollar Alternative, Analysts Say

(Bloomberg) -- Gold may rebound on speculation that
the dollar will resume a slide against the euro, boosting the
appeal of the precious metal as an alternative investment.

Fourteen of 27 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on July 26 and July 27 advised
buying gold, which fell 1.8 percent last week to $672.30 an ounce
on the Comex division of the New York Mercantile Exchange. Nine
said to sell, and four were neutral.


Read more at Bloomberg Commodities News

Gold May Gain for Third Week on Demand for Dollar Alternative, Survey Says

(Bloomberg) -- Gold may gain for the third straight
week on speculation that a decline in the value of the dollar to
a record against the euro will boost demand for the precious
metal as an alternative investment.

Thirty of 37 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on July 12 and July 13 advised
buying gold, which rose 1.9 percent last week to $667.30 an
ounce on the Comex division of the New York Mercantile Exchange.
Two said to sell, and five were neutral.


Read more at Bloomberg Commodities News

Nymex to Start Trading New `Last Day' Brent Crude Oil Contract This Month

(Bloomberg) -- The New York Mercantile Exchange,
the world's largest energy-futures exchange, said it will start
trading a Brent crude oil ``last day'' futures contract in an
effort to revive its trade in the North Sea oil.

``The first listed month will be the September 2007
contract month, beginning on July 29 for trade date July 30,''
the exchange said in an e-mailed statement today.


Read more at Bloomberg Energy News

Gold ends up, lifted by oil surge, dollar drift

(Reuters) - Most-active gold for August delivery on the COMEX division of the New York Mercantile Exchange settled with $7.70 gains at $662.50 an ounce. It set a higher range from $657.80 and $666.0 an ounce, a level last seen on June 7.




At its session top, August gold reached higher than in three prior attempts to break resistance at $666.0 an ounce. But some traders noted that its retreat from that level in a thin market may leave in doubt its resilience at that level.


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Nymex Gas Falls as Mild Weather Limits Demand for Ample Supply in the U.S.

(Bloomberg) -- Natural gas in New York fell,
extending a decline, as storage levels approach last year's
record and mild weather across much of the U.S. trims summer
cooling demand.

Gas for August delivery plunged 13.6 cents, or 2 percent, to
$6.615 per million British thermal units in 12:02 p.m. trading on
the New York Mercantile Exchange.


Read more at Bloomberg Energy News

Crude Oil Falls From 10-Month High on Signs Gasoline Supplies May Increase

(Bloomberg) -- Crude oil fell from near a 10-month high
in New York on speculation U.S. gasoline inventories would increase
as refineries increased output.

Crude oil for August delivery fell as much as 62 cents, or 0.9
percent, to $70.06 a barrel in after-hours electronic trading on
the New York Mercantile Exchange. The contract traded at $70.10 at
9:13 a.m. in New York.


Read more at Bloomberg Commodities News

Gold Futures May Decline on Speculation Dollar Will Climb, Survey Says

(Bloomberg) -- Gold may fall for the second straight
week on speculation that rising U.S. interest rates will boost the
value of the dollar, reducing the appeal of the precious metal as
an alternative investment.

Ten of the 25 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on June 21 and June 22 advised
selling gold, which fell 0.3 percent last week to $657 an ounce on
the Comex division of the New York Mercantile Exchange. Nine said
to buy, and six were neutral.


Read more at Bloomberg Commodities News