October 10, 2014 11:43 am
Gold fell on Friday, trimming its weekly advance, as the US dollar strengthened after upbeat jobless data on Thursday fueled speculations the Federal Reserve might begin raising interest rates sooner rather than later. Comex gold for delivery in December traded at $1 224.0 per troy ounce at 11:26 GMT, down 0.11% on the day. Prices […]
Read moreOctober 10, 2014 7:55 am
Brent crude fell to the lowest in almost four years, while West Texas Intermediate crude plunged to a 27-month trough amid rising global supply and worsening economic conditions in Europe, as well as worries over Chinas growth prospects. US November crude was down 1.78% by 7:34 GMT to trade at $84.24 per barrel on the […]
Read moreOctober 9, 2014 12:48 pm
Natural gas fell for a second day on Thursday as weather forecasts pointed to mostly mild weather across the central and eastern US, defying previous projections for a cold spell that would induce strong heating demand. Market players awaited EIAs supply data, due at 14:30 GMT, for further clues on US demand. On the New […]
Read moreOctober 9, 2014 9:46 am
Gold rose by more than 1.5% on Thursday, its third daily gain in four, after Wednesdays Fed minutes revealed policy makers retained their dovish tone, citing concerns a strong US dollar and global economic slowdown may impede the US economys recovery. Comex gold for settlement in December rose by 1.65% to $1 225.9 per troy […]
Read moreOctober 9, 2014 7:15 am
Both West Texas Intermediate and Brent crudes marked minor daily gains, supported by a weaker dollar, but still hovered near yesterdays multi-month lows following bearish supply data by the Energy Information Administration. On the New York Mercantile Exchange, US November crude rose by 0.53% to $87.77 per barrel by 6:54 GMT, having ranged between $87.88 […]
Read moreOctober 8, 2014 3:11 pm
Both West Texas Intermediate and Brent crude benchmarks fell to new multi-month lows on Wednesday after the Energy Information Administration reported a jump in both refined product categories, as well as a bigger-than-expected rise in crude supplies. On the New York Mercantile Exchange, US November crude fell by 1.65% to $87.38 per barrel by 14:50 […]
Read moreOctober 8, 2014 2:25 pm
Natural gas reversed yesterdays gains as weather forecasts continued to point to a neutral trend for the next couple of weeks with moderate heating and cooling demand across the US. On the New York Mercantile Exchange, natural gas futures for delivery in November traded 1.79% lower at $3.879 per million British thermal units at 14:10 […]
Read moreOctober 8, 2014 1:08 pm
Gold rose for a third day on Wednesday as the US dollar remained steady and Chinese buyers returned to the market after week-long holidays. Investors eyed todays minutes from the Feds last policy meeting to assess whether it will begin raising interest rates earlier than expected. On the Comex division of the New York Mercantile […]
Read moreOctober 8, 2014 12:04 pm
Both West Texas Intermediate and Brent crude benchmarks touched fresh multi-month lows on Wednesday following bearish supply data by the American Petroleum Institute and after the IMF cut its global economic growth forecast. On the New York Mercantile Exchange, US November crude fell by 0.64% to $88.28 per barrel by 11:50 GMT, having dropped to […]
Read moreOctober 7, 2014 2:53 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Tuesday on fears that slowing global economic growth will ease demand, while the US dollar halted its steepest decline since January. US November crude slid 1.07% to $89.37 per barrel by 14:26 GMT, having ranged between $90.57 and $89.36 during the day. The American crude […]
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