IBT Staff Reporter

Gold futures rose on Wednesday on weaker dollar while crude futures also gained. Gold for April delivery was up $7.20, or 0.8 percent, at $942.20 an ounce on the Comex division on the New York Mercantile Exchange.

Commodity OnlineNEW DELHI: India's Oil and Natural Gas Corp (ONGC) and its partner Britain based Hinduja Group are planning to sign a multi billion dollar deal next month for developing oil and gas fields in Iran.

U.S. stocks dropped for the first time Wednesday in four days as an unexpected tumble in February factory orders sparked concerns over the economy while the outlook for bank profits worsened.

Japan stocks declined Wednesday as investors began worried about U.S. recession.

Commodity Online NEW DELHI: ONGC has came to term with North Eastern Electric Power Corp Ltd for supplying 0.5 million standard cubic metres of gas per day to its power generation plant in Tripura.

Commodity Online MUMBAI: Gold prices rose to Rs 12,370 per 10 gram in the bullion market here on Wednesday, mostly on global trends and aggressive buying by stockists.

Commodity Online NEW DELHI: The state run oil and natural gas utility ONGC and Petrobras, Oil major of Brazil have set up an arrangement for working together in exploration and production of hydrocarbons in India and Brazil.

Commodity Online NEW DELHI: Three of India s major oil companies, Indian Oil, Hindustan Petroleum and Bharat Petroleum will form a joint venture to take up ethanol production in Brazil.

Commodity OnlineNEW DELHI: The Indian government on Wednesday that the move by private fuel companies like Reliance and Essar to close down their petrol pumps has put the Ministry of Petroleum in a difficult situation.

Commodity OnlineNEW DELHI: The Indian government on Wednesday that the move by private fuel companies like Reliance and Essar to close down their petrol pumps has put the Ministry of Petroleum in a difficult situation.

Commodity Online PHNOM PHEN: Cambodian National Petroleum Authority ( CNPA ) on Wednesday announced its intention to start oil production by 2011.

Commodity Online BRASILIA: World s second largest mining and metals company Vale do Rio Doce is expected to grow 10.4 percent in 2008 much of it fuelled by demand from emerging economies.

Commodity Online BEIJING: China Banking Regulatory Commission's ( CRBC ) decision to allow banks in China to trade gold futures is widely welcomed by gold traders worldwide.

Commodity Online VIENNA: OPEC on Tuesday announced that its weekly average oil price has dropped slightly to $ 99.47 per barrel in the previous week.

Commodity Online With gold's precipitous rise in 2007, silver has still achieved better returns over the life of the prevailing bull market in precious metals

By Dan DenningWhat do you need to manufacture good times? You need a lie, a leader, and a crowd. All three seemed to come together last week

Dr Michael Berry shares his expertise for identifying winners early in the game often long before the market recognizes their value

Commodity Online NEW YORK: Gold bounced back to the top and extended gains on Tuesday as investors began shifting some money back into it.

By Julian D W PhillipsThe oil price is holding high at never before seen levels, not because of a shortage, but because US and foreign nationals and institutions are fleeing from Dollar instruments into hard assets...

Commodity Online TOKYO: Ahead of a crucial US government energy report due out later Wednesday, world oil prices were on the up again in Asian trade.

Treasuries rose on Tuesday after a private report showed U.S. consumer confidence declined in March and another report indicated a decline in housing prices.

What jumped 4.7 percent as dry weather in the U.S strengthened prospects of reduced yields.

Asian markets were mixed on Wednesday morning with Japanese shares slipping on stronger Yen prices, while commodity prices helped resource stocks in Australia.

Microsoft may sweeten its bid to acquire Internet-giant Yahoo, according to one analyst, sending shares of the firm higher in Tuesday trading.

Gold for April delivery gained $16.30, or 1.8 percent, to end at $935 an ounce on the Comex division on the New York Mercantile Exchange.

On Tuesday it was confirmed that Indian car giant Tata would be buying Jaguar and Land Rover from Ford for an estimated $2 billion (£1 billion).

Gold futures rose in New York, rallying nearly 2 percent Tuesday as the dollar continued to decline against the euro, boosting investors demand for the precious metal. Silver also gained.

U.S. stocks were mixed on Wednesday following a rally in commodity producers boosted the market to overcome downbeat data on housing and consumer sentiment.The S&P 500 added 2.56 points, or 0.2 percent, to 1,352.44 while the Dow increased 18.56 , or 0.2 percent, to 12,530.08. The Nasdaq Composite Index rose 12.54, or 0.5 percent, to 2,339.29. Seven stocks gained for every three that declined on the New York Stock Exchange.

The dollar fell versus the euro on Tuesday after a consumer confidence report reading came in lower-than expected raising fresh worries about the U.S economy.