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Gold trading outlook: futures hover near 3-month lows

March 9, 2015 8:22 am
Gold edged up on Monday following a week of declines which ended with the metals biggest daily drop since December 2013 after robust U.S. economic data bolstered expectations of a sooner interest rate hike. Comex gold for delivery in April was up 0.62% at $1 171.5 per troy ounce at 7:53 GMT, shifting in a […] Read more

Natural gas futures weekly recap: March 2 – March 6

March 8, 2015 2:57 pm
Natural gas was little changed on Friday and registered a third weekly jump in four after data by the EIA showed an expansion in US inventory deficits last week. Natural gas for delivery in April fell 0.07% on Friday to settle the week 3.8% higher at $2.839 per million British thermal units. The contract swung […] Read more

Natural gas trading outlook: futures head for weekly gain

March 6, 2015 10:39 am
Natural gas rose for a fourth day on Friday after data by the EIA showed on Thursday a much larger than average inventory decline last week, further expanding deficits. Natural gas for delivery in April traded 0.49% higher at $2.855 per million British thermal units at 10:10 GMT, shifting in a daily range of $2.863-$2.822. […] Read more

Gold trading outlook: futures head for another weekly fall

March 6, 2015 8:14 am
Gold edged up on Friday to end four sessions of declines but headed for a yet another weekly loss as robust U.S. economic data boosted the dollar and speculations about a sooner interest rate hike. Comex gold for delivery in April was up 0.09% at $1 197.3 per troy ounce at 7:45 GMT, shifting in […] Read more

Natural gas futures hit session high after EIA supply data

March 5, 2015 4:05 pm
Natural gas rose to a one-week high on Thursday after the Energy Information Administration reported an inventory decline in line with expectations and double the five-year average withdrawal. Natural gas for delivery in April traded 2.35% higher at $2.834 per million British thermal units at 15:54 GMT, shortly after it jumped to a one-week high […] Read more

Natural gas trading outlook: futures steady ahead of EIA report

March 5, 2015 10:02 am
Natural gas was little changed on Thursday as investors weighed an expected hefty inventory withdrawal against forecasts for a widespread thaw in the US as the latest in a series of Arctic blasts fizzles this weekend. Natural gas for delivery in April traded 0.22% lower at $2.763 per million British thermal units by 9:37 GMT, […] Read more

Gold trading outlook: futures pressured by robust dollar

March 5, 2015 8:53 am
Gold slipped for a fourth session on Thursday as the precious metal failed to shake off pressure by strong US economic data. Comex gold for delivery in April was down 0.02% at $1 200.7 per troy ounce at 8:34 GMT, shifting in a daily range of $1 205.5-$1 198.8. The precious metal fell 0.29% on […] Read more

WTI futures tumble as EIA reports another sizable inventory gain

March 4, 2015 3:54 pm
West Texas Intermediate and Brent crude plunged on Wednesday after data by the Energy Information Administration showed that US crude oil inventories rose to the highest in at least 80 years, while crude output hit a new record as well. US crude for delivery in April traded 1.31% lower at $49.86 per barrel at 15:34 […] Read more