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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

Natural gas futures extend drop on warm weather outlook

September 21, 2015 8:49 am
Natural gas fell on Monday, extending last weeks declines, as weather forecasts saw no significant changes over the weekend, calling for warm conditions over the majority of the US through the end of September. Natural gas for delivery in November traded 0.93% lower at $2.651 per million British thermal units at 08:21 GMT, holding in […] Read more