Crude Looking Ahead To US Department Of Energy Data, Gold Rebounds
ICM Brokers | May 05, 2015 02:44AM ET
CL
Crude fell mildly on Monday after approaching near six-month highs, as investors locked into profits from last month's extended rally, crude fell 0.25 or 0.42% to 58.90, extending Friday's loss the American Petroleum Institute will release crude, gasoline and distillate stocks for last week, to be followed Wednesday by more closely-watched data from the U.S. Department of Energy’s.
GOLD
Gold rebounded on Monday to pare some of the gains from an extended slump late last week, amid a stronger dollar boosted by optimistic U.S. factory orders data gold rose 14$ to 1,189.00, After hitting a one-month low last Friday, Traders are awaiting the April U.S. payrolls report on Friday for more signals on the probable timing of increases in borrowing costs after mixed data on the economy over the past month.
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