October 24, 2014 8:50 am
Gold was steady on Friday but 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 metals safe haven demand. Comex gold for delivery in December traded at $1 233.1 per troy ounce at 8:30 GMT, up 0.33% […]
Read moreOctober 24, 2014 7:25 am
Both West Texas Intermediate and Brent benchmark crudes fell on Friday after investors took profits following strong overnight gains and as the market shrug off a Saudi supply cut, having realized the reduction does not reflect a change in the kingdoms output policy. On the New York Mercantile Exchange, WTI futures for settlement in December […]
Read moreOctober 23, 2014 2:47 pm
Natural gas jumped to positive daily territory after the Energy Information Administration reported that US natural gas inventories rose less than expected in the seven days through October 17th, but still scored the 27th consecutive above-average weekly build. Natural gas futures for settlement in November rose 0.19% to $3.666 per million British thermal units by […]
Read moreOctober 23, 2014 2:26 pm
Both West Texas Intermediate and Brent benchmark crudes edged higher in early US trading on Thursday after a person familiar with the matter said Saudi Arabia cut crude supplies in September, although output rose. Better-than-expected economic data from Europe, China and the US also lent support. Natural gas fell. December US crude traded 0.84% higher […]
Read moreOctober 23, 2014 1:16 pm
Gold extended its daily decline to more than $20 below a six-week high as better-than-expected manufacturing data from China and Europe, coupled with upbeat employment data from the US eased economic slowdown concerns. Copper rose on the upbeat numbers. Comex gold for delivery in December fell by 0.83% to $1 235.2 per troy ounce by […]
Read moreOctober 23, 2014 11:43 am
Natural gas fell to the lowest since November as weather forecasts provided no concrete data for early-November widespread freezes, while the outlook for the remainder of October remained unchanged, showing mild weather across most of the US. Market players awaited the release of EIAs natural gas inventory data, due at 14:30 GMT, set to show […]
Read moreOctober 23, 2014 9:18 am
Gold drifted further away from a six-week high touched earlier in the week, pressured by a strong dollar and better-than-expected manufacturing data from the Eurozone, which sparked some confidence about the single currency blocs economy. Comex gold for delivery in December fell by 0.44% to $1 240.0 per troy ounce by 8:45 GMT, having shifted […]
Read moreOctober 23, 2014 7:35 am
Both West Texas Intermediate and Brent benchmark crudes fell to a one-week low and hovered near the lowest in years after data by the EIA showed a larger-than-expected build in US crude inventories, while domestic production remained near the highest in almost three decades. A pickup in Chinese manufacturing activity gave some support, but only […]
Read moreOctober 22, 2014 3:03 pm
West Texas Intermediate crude erased its daily gains after data by the Energy Information Administration showed that US crude oil inventories rose more than twice than expected, while US crude oil production remained near the highest in almost three decades. Brent pared daily gains. US December crude traded 0.72% lower at $81.90 a barrel at […]
Read moreOctober 22, 2014 1:14 pm
Gold fell on Wednesday, pressured by a stronger dollar, but remained close to six-week high levels, underpinned by strong physical demand from world No2 consumer India. Copper extended overnight gains on hopes for fresh monetary stimulus in Europe and China amid fears of a global economic slowdown. Comex gold for delivery in December traded at […]
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