October 28, 2014 9:24 am
Gold recovered after falling to its lowest in nearly two weeks as investors assess the importance of increased demand in Asia in anticipation of the two-day FOMC policy meeting. Comex gold for delivery in December traded at $1 228.8 per troy ounce at 8:58 GMT, down 0.04% on the day, having shifted within a daily […]
Read moreOctober 28, 2014 8:43 am
West Texas Intermediate crude fell for a third day ahead of supply data expected to show US crude oil inventories rose to the highest in almost four months last week. Sentiment remained dampened after Goldman Sachs cut its price forecasts for the American and European benchmark crudes amid a supply-demand imbalance. On the New York […]
Read moreOctober 27, 2014 3:40 pm
Gold extended last weeks decline as better-than-expected global economic data and higher equities dented the metal’s safe-haven demand. All major European banks passing ECB’s stress test also eased investors’ fears. Copper rose on news of planned strikes in Indonesia and Peru and as the US dollar weakened. Comex gold for delivery in December traded at […]
Read moreOctober 27, 2014 2:10 pm
West Texas Intermediate crude fell to the lowest since end-June 2012 while Brent slid below $85 as Goldman Sachs revised down its price forecasts for the first quarter of next year by $15 amid ample global supply. German business confidence dropping for a sixth month also helped push prices down. Natural gas fell amid forecasts […]
Read moreOctober 27, 2014 12:19 pm
Natural gas fell and hovered near the lowest in 11 months as weather forecasts remained mostly unchanged and called for mild temperatures across the US, with few exceptions, through the first week of November. Natural gas for delivery in November traded at $3.595 per million British thermal units at 11:57 GMT, down 0.77% on the […]
Read moreOctober 27, 2014 10:11 am
Gold was steady on Monday after falling 0.6% last week as better-than-expected global economic data and higher equities dented the metals safe-haven demand. All major European banks passing ECBs stress test also eased investors fears. Comex gold for delivery in December traded at $1 230.9 per troy ounce at 9:54 GMT, down 0.07% on the […]
Read moreOctober 27, 2014 9:28 am
West Texas Intermediate crude was little changed on Monday, while Brent fell below $86 as Goldman Sachs revised down its price forecasts in the first quarter of next year by $15 amid ample global supply. December US crude was mostly unchanged at $81.02 per barrel on the New York Mercantile Exchange at 9:02 GMT. Prices […]
Read moreOctober 26, 2014 9:42 am
Natural gas capped a third consecutive weekly decline as mild weather across most of the US throughout October paved the way for additional above-average inventory builds that would further narrow a record deficit. Natural gas futures for delivery in November rose 0.03% on Friday to $3.623 on the New York Mercantile Exchange, settling the week […]
Read moreOctober 24, 2014 12:50 pm
Gold headed for its first weekly decline in three as better-than-expected economic data from the US, China and Europe supported the case of an economic recovery, denting the metal’s safe haven demand. Copper was pressured by falling Chinese house prices but continued to draw support by strong US data, coupled with better-than-expected manufacturing figures from […]
Read moreOctober 24, 2014 10:28 am
Natural gas traded near the lowest level in 11 months after the EIA reported on Thursday the 27th consecutive above-average weekly build in US stockpiles, while weather forecasts failed to give concrete evidence of early-November widespread freezes in the US. Natural gas for delivery in November fell by 0.75% to $3.595 per million British thermal […]
Read more