Red-Hot Charts for Monday
Qatar builds gold reserves Qatar central bank's gold holdings more than quadrupled between January and the end of April 2007, Gulf Daily News reported. Qatar held $193.1m of gold at the end of April, equal to about nine tonnes at market prices. The central bank could be increasing its holdings to hedge against a weak dollar, according to a Standard Chartered analyst. Qatar's currency is pegged to US dollar.
Brent Crude Oil Rises Above $78 a Barrel, Reaching 11-Month High in London Brent crude-oil futures traded above $78 a barrel in London for the first time since Aug. 9 as maintenance shutdowns limited North Sea supplies.
Gasoline Prices May Hold Their Gains Rising retail gasoline prices in most U.S. regions could hold their gains for a while, even after the problems that caused the run-up have been resolved. The national average retail price of regular gasoline jumped 9.2 cents to $3.054 in the last week, the biggest one-week gain since regular gasoline peaked above $3.20 a gallon in May. Oil-refinery problems in the last two weeks have tightened gasoline supplies during the summer driving season, when Americans cover more miles than any other time of year.
<< Home