November 18, 2014 9:26 am
Gold rose to the highest in more than two weeks in early European trading on Tuesday as the US dollar fell against a basket of six major peers, but gains were set to see major resistance at the $1 200 psychological level. Silver, platinum and palladium also gained. Comex gold for delivery in December rose […]
Read moreNovember 18, 2014 8:18 am
West Texas Intermediate and Brent crude fell for a second day as oil prices failed to find a stable floor before OPEC members convene next week to discuss the groups production policy. Expectations for a drop in US crude supplies last week provided some support. January US crude fell 0.11% to $75.58 per barrel by […]
Read moreNovember 17, 2014 2:04 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Monday amid fears of slowing global demand after Japan unexpectedly dipped into recession. Market players also eyed diplomatic developments within OPEC, although a production cut remained unlikely. Natural gas rose for a second day as forecasts called for cold weather across the central and eastern […]
Read moreNovember 17, 2014 1:23 pm
Gold held on to gains from the prior session after short covering sent the precious metal soaring through a key resistance level. A strong dollar, however, kept gains limited. Copper retreated from a two-week high amid concerns of softening global demand after the Japanese economy slipped into recession. Silver, platinum and palladium fell. Comex gold […]
Read moreNovember 17, 2014 11:00 am
Natural gas rose for a second day on Monday as forecasts called for cold weather across the central and eastern US over the next several days, implying high demand for the heating fuel. Market players looked past this weekends expected warm-up for signs of new cold blasts. Natural gas futures for settlement in December rose […]
Read moreNovember 17, 2014 9:47 am
Gold held on to gains from the prior session after short covering sent the precious metal soaring through a key resistance level. However, upside movement remained checked by an overall strong dollar and as assets in the SPDR Gold Trust remained at the lowest in more than six years. Silver, platinum and palladium fell. Comex […]
Read moreNovember 17, 2014 8:38 am
Crude oil futures slid on Monday as Japan unexpectedly entered recession, dealing a yet another heavy blow to global oil demand outlook. Market players eyed diplomacy developments within OPEC but a production cut remained unlikely. On the New York Mercantile Exchange, WTI crude for delivery in January slid 1.25% to $74.87 per barrel by 8:17 […]
Read moreNovember 16, 2014 9:34 am
Natural gas rose for the first time in five days on Friday as short-term forecasts called for frigid weather across the eastern and central US. However, the energy source marked its biggest weekly decline since end-February as extended outlooks pointed to moderating temperatures across most of the US later in November. Natural gas for delivery […]
Read moreNovember 14, 2014 2:08 pm
Both West Texas Intermediate and Brent crudes rose on Friday amid speculations that OPEC members have stepped up diplomacy to address the recent price rout. Natural gas rose, but was headed toward its biggest weekly decline since end-February as weather forecasts pointed toward moderating weather during the last 10 days of November. December US crude […]
Read moreNovember 14, 2014 1:27 pm
Gold was set for another weekly decline, pressured by a strong dollar, as investors assessed the prospects of Fed raising borrowing costs and saw no immediate need to hedge using bullion. Copper headed for a weekly loss as downbeat economic data from China fueled fears of slowing demand. Comex gold for settlement in December slid […]
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