On Friday, gold picked up $23.30, or 1.86%, to close at $1,279.20 after data confirmed the U.S. economy nurtured less than predictable in the fourth quarter.
On Monday, Gold swayed between small gains and losses, as traders reconsidered their prospects for the timing of the first U.S. rate climb and amid mounting concerns over Greece’s future in the euro zone.
On the Comex in New York, Futures ascended 8 percent previous month to $1,279.20 an ounce. The Bloomberg Commodity Index of 22 raw materials dipped 3.3 percent as the MSCI All-Country World Index of equities slipped 1.6 percent. The Bloomberg Dollar Spot Index added 3.3 percent.
The U.S. economy extended at a 2.6 percent yearly rate in the fourth quarter as imports inclined three times more rapidly than exports, data presented Jan. 30. The similar day, San Francisco Fed President John Williams alleged in a CNBC interview that officials submitted to international developments in their Jan. 28 policy statement to be acquainted with the influence of overseas events on American growth.
In company news, California Resources, (NYSE:CRC), inclined 6.67% to settle at $5.12, following an independent oil and natural gas exploration and production company, scheduled to host its fourth quarter and full year financial results conference call on Thursday, February 19th, at 5:00 pm Eastern Standard Time. The Company’s earnings will be publicized following the market close on the same date.
California Resources, (NYSE:CRC), is an independent oil and natural gas exploration and production company and the largest combined oil and natural gas producer in California on a gross-operated basis.
United States Steel, (NYSE:X), mounted 5.94% to close at $24.44, soon after a leading integrated steel producer, declared that its Board of Directors declared a dividend of five cents per share on U. S. Steel Ordinary Stock. The dividend is payable March 10, 2015, to stockholders of record at the close of business February 11, 2015.
United States Steel, (NYSE:X), headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 200 company with major production operations in the United States and Central Europe and an annual raw steelmaking capability of 24.4 million net tons.
SandRidge Energy, (NYSE:SD), escalated 4.44% in its last trade, following the company publicize its 2014 fourth quarter and full-year financial and operational results after the close of trading on the New York Stock Exchange on Thursday, February 26, 2015. The company will host a conference call to talk about these results on Friday, February 27, 2015 at 8:00am CST.
SandRidge Energy, (NYSE:SD), is an oil and natural gas Company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production. SandRidge and its auxiliaries also own and operate gas gathering and processing facilities, saltwater gathering and electrical infrastructure facilities and conduct marketing operations.
Denbury Resources, (NYSE:DNR), skyrocketed 5.83% to close at $6.90, after an oil and natural gas company, declared that its Board of Directors has declared a quarterly cash dividend of $0.0625 per ordinary share, a rate of $0.25 per share on an annualized basis, payable March 31, 2015, to shareholders of record as of the close of business on February 24, 2015. This dividend rate is unchanged from the Company’s preceding quarterly dividend rate but lower than the Company’s formerly planned $0.40 per share annualized dividend rate for 2015 that was discussed during the Company’s November 2014 analyst day presentation.
Denbury Resources, (NYSE:DNR), operates as an oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide.
