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Gold trading outlook: futures lose ground before the September Fed Minutes

October 8, 2015 7:39 am
On Wednesday gold for delivery in December traded within the range of $1,143.00-$1,152.90. Futures closed at $1,149.00, rising 0.19% on a daily basis, while marking a fourth straight trading day of gains. Wednesdays high has been the highest level since September 24th, when the commodity went up as high as $1,155.90. On the Comex division […] Read more

Gold trading outlook: futures fall a sixth straight day ahead of US Payroll numbers

October 2, 2015 7:42 am
On Thursday gold for delivery in December traded within the range of $1,113.30-$1,119.00. Futures closed at $1,114.20, falling 0.12% on a daily basis and marking a fifth consecutive trading day of losses. On Wednesday the commodity slumped to lows unseen since September 16th. On the Comex division of the New York Mercantile Exchange, gold futures […] Read more

Gold trading outlook: futures fall before the key NFP report

October 1, 2015 8:01 am
On Wednesday gold for delivery in December traded within the range $1,112.10-$1,126.00. Futures closed at $1,115.50, falling 1.03% on a daily basis and marking a fourth consecutive day of losses. The daily low has been the lowest level for the commodity since September 16th, when it traded as low as $1,109.80. On the Comex division […] Read more

Gold trading outlook: futures drop with US rates in focus

September 28, 2015 11:06 am
Gold fell in early European trading on Monday as investors focused over the timing of a US interest rate hike that Fed officials have suggested could come as early as next month. Gold futures for delivery in December were down 0.65% at $1 138.2 per troy ounce at 07:18 GMT, shifting in a daily range […] Read more

Natural gas trading outlook: futures steady on bearish weather, inventories

September 25, 2015 8:40 am
Natural gas was little changed in early European trading on Friday, holding near a recently hit minimum, as exceptionally comfortable weather across much of the US curbed both cooling and heating demand. A bearish inventory report by the EIA also added to the pressure. Natural gas for delivery in November traded 0.30% higher at $2.682 […] Read more

Gold trading outlook: futures pare weekly gains on Yellen speech

September 25, 2015 7:24 am
Gold pared sharp overnight gains on Friday, drifting away from a one-month high, as the dollar rallied after Federal Reserve Chair Janet Yellen said the central bank is on track to raise interest rates this year, quelling speculations for a delay into 2016. Gold for delivery in December traded 0.67% lower at $1 146.1 per […] Read more

Natural gas futures remain pressured ahead of EIA inventory data

September 24, 2015 8:37 am
Natural gas extended losses on Thursday as overall market sentiment remained dominated by bearish weather forecasts ahead of a weekly EIA inventory report which is expected to show a triple-digit gain. Natural gas for delivery in November traded 0.45% lower at $2.626 per million British thermal units at 08:06 GMT, shifting in a daily range […] Read more

Gold trading outlook: futures rise a second day on safe haven bids

September 24, 2015 7:22 am
Gold extended overnight gains as softer-than-expected US data and the worst contraction in Chinese manufacturing activity since more than 6 years bolstered its safe haven allure, although gains were capped by expectations for an interest rate hike later this year. Gold futures for delivery in December traded 0.42% higher at $1 136.2 per troy ounce […] Read more

Natural gas trading outlook: futures struggle on bearish weather forecasts

September 23, 2015 8:44 am
Natural gas was slightly up in early European trading on Wednesday but hovered near a recently hit minimum as a bearish mid-term weather outlook spelled low demand for the power source. Natural gas for delivery in November traded 0.15% higher at $2.643 per million British thermal units at 08:29 GMT, shifting in a daily range […] Read more

Gold trading outlook: futures pressured by strong dollar

September 23, 2015 7:20 am
Gold was steady on Wednesday after two days of losses, weighed by a strong dollar, even as downbeat China data rekindled concerns over a global economic slowdown. Gold futures for delivery in December were little changed at $1 125.7 per troy ounce at 06:50 GMT, having shifted in a narrow daily range of $1 126.3 […] Read more