December 8, 2014 9:30 am
Gold edged up on Monday, but traded below $1 200 as stronger US non-farm payrolls report landed support to the already robust dollar. Comex gold for delivery in February gained 0.52% to $1 195.4 per troy ounce by 9:09 GMT, having shifted in a daily range of $1 198.7-$1 187.3 an ounce. The precious metal […]
Read moreDecember 8, 2014 8:22 am
Both Brent and West Texas Intermediate started the new week by extending declines to trade near five-year lows as Morgan Stanley cut its forecast amid rising speculations of US production retaliation. January US crude fell 0.96% on Monday to $65.21 per barrel by 08:01 GMT. Prices held in a daily range between $65.55 and $64.63 […]
Read moreDecember 7, 2014 7:31 am
Both WTI and Brent futures moderated losses compared to last weeks plunges of 13.54% and 12.71%, respectively, as it became known that OPEC would not support prices and the market has to find its own way to recovery. WTI crude for delivery in January on the New York Mercantile Exchange lost 1.45% on Friday to […]
Read moreDecember 6, 2014 9:20 am
Natural gas increased on Friday, but could not offset the previous four days of declines as forecasts predicted above normal temperatures over the majority of the US in addition to a bearish EIA report on Thursday. On the New York Mercantile Exchange, natural gas for delivery in January settled 4.19% higher on Friday at $3.802 […]
Read moreDecember 5, 2014 10:54 am
Gold fell for a second day as the dollar further improved strength on its way to a seventh week of increases, before US payroll data. Comex gold for delivery in February fell by 0.26% to $1 204.5 per troy ounce by 10:42 GMT, having shifted in a daily range of $1 206.7-$1 201.8 an ounce. […]
Read moreDecember 5, 2014 9:44 am
Natural gas edged up on Friday, ending a six consecutive sessions of declines, despite bearish EIA report and mild temperature forecasts. Natural gas for delivery in January climbed 1.43% to $3.701 per million British thermal units by 9:33 GMT. Prices held in a daily range between $3.808 and $3.638, its lowest since October 28th. The […]
Read moreDecember 5, 2014 9:01 am
Brent and West Texas Intermediate slid for a second day as Saudi Arabia reduced its crude prices in Asia and the US, further providing evidence that the country has no intention of supporting oil prices. January US crude gained 0.84% on Friday to $66.25 per barrel by 09:02 GMT. Prices held in a daily range […]
Read moreDecember 4, 2014 4:08 pm
Natural gas extended losses on Thursday to hit a fresh low after US stockpiles fell less than expected last week, while forecasts called for mild weather across most of the US. Natural gas for delivery in January lost 2.76% to trade at $3.700 per million British thermal units at 15:46 GMT. Prices held in a […]
Read moreDecember 4, 2014 2:46 pm
Copper gained for the first session in three amid continuous signs of robust economic recovery in the US and as a gauge of the dollar slid after the euro regained positions. However, worries about the industrial metals demand outlook in top consumer China capped gains. Comex copper for delivery in March traded 1.03% higher at […]
Read moreDecember 4, 2014 12:33 pm
Gold fell on Thursday as a firm dollar kept applying downward pressure before the European Central Bank concludes a policy meeting that may result in the addition of further monetary stimulus. Silver and palladium were little changed, while platinum rose. Comex gold for delivery in February fell by 0.52% to $1 202.4 per troy ounce […]
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