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Gold trading outlook: futures hold near 3-1/2-week high on currency fears

August 13, 2015 7:18 am
Gold fell in early European trading on Thursday as the US dollar firmed and a report showed that global demand for the precious metal fell to a six-year low in the second quarter. Prices, however, held near a three-week high amid speculations a weaker yuan may impact the Federal Reserves monetary actions. Gold futures for […] Read more

Natural gas futures advance on hot weather outlook

August 12, 2015 9:10 am
Natural gas rose for a third day on Wednesday as investors focused on latest weather data showing a warmer trend over the majority of the US after August 20th, but gains were limited by expectations for tomorrows EIA report to show an inventory build above the average. Natural gas for delivery in September traded 0.74% […] Read more

Gold trading outlook: futures hover near 3-week highs on safe haven bids

August 12, 2015 7:45 am
Gold rose for a fifth session on Wednesday and held ground near Tuesdays three-week high as Beijings devaluation of the yuan spurred fears among investors of a currency war, prompting demand for safe haven assets such as gold. Gold futures for delivery in December traded 0.95% higher at $1 118.2 per troy ounce at 07:14 […] Read more

Natural gas trading outlook: futures ease on active weather, EIA data in focus

August 11, 2015 8:43 am
Natural gas fell in early European trading on Tuesday as active weather across the US drove overall lower cooling demand compared to last week ahead of an expected larger-than-average inventory build due to be reported on Thursday. Natural gas for delivery in September traded 0.11% lower at $2.839 per million British thermal units at 08:22 […] Read more

Gold trading outlook: futures drop as yuan depreciation lifts dollar

August 11, 2015 7:03 am
Gold fell on Tuesday after its biggest daily gain in almost two months as China devalued its currency to boost economic activity following recent downbeat data, driving a rally in the dollar and curbing demand for bullion. Gold for delivery in December traded 0.37% lower at $1 100.0 per troy ounce at 06:38 GMT, shifting […] Read more

Natural gas trading outlook: futures advance on hot southern US

August 10, 2015 8:54 am
Natural gas rose on Monday, extending last weeks advance, as the southern US braced for the highest cooling demand this year amid very hot temperatures, although gains were limited by near-normal weather across the countrys northern regions. Natural gas for delivery in September traded 1.32% higher at $2.835 per million British thermal units at 08:30 […] Read more

Gold trading outlook: futures hover near 5-1/2-year lows on US rate prospects

August 10, 2015 7:29 am
Gold was little changed on Monday, trading not far off from the lowest in more than five years, as robust US employment data released on Friday reinforced speculations for an interest rate hike in as early as September, supporting the dollar. Gold for delivery in December traded 0.24% higher at $1 096.7 per troy ounce […] Read more

Natural gas futures head for weekly gain on hot South, bullish inventory data

August 7, 2015 8:42 am
Natural gas headed for a sizable weekly gain following a bullish inventory report by the Energy Information Administration on Thursday and as the southern half of the US remained engulfed by hot temperatures. Natural gas for delivery in September traded 0.04% higher at $2.814 per million British thermal units at 08:05 GMT, shifting in a […] Read more

Natural gas trading outlook: futures drop on active weather ahead of EIA data

August 6, 2015 8:27 am
Natural gas fell for a second day, paring earlier weekly gains, as cooler weather across the northern US curbed cooling demand, while next weeks developments remained unclear and todays EIA report is expected to print a below-average inventory gain. Natural gas for delivery in September traded 1.22% lower at $2.764 per million British thermal units […] Read more

Gold trading outlook: futures hover near 5-1/2-year lows on Fed comments

August 5, 2015 8:42 am
Gold fell in early European trading on Wednesday, hovering near the lowest in 5-1/2 years, after a voting Fed member reinforced speculations of an interest rate hike in September, sending the dollar soaring to the highest in 3-1/2 months against a basket of currencies. Gold futures for delivery in December traded 0.62% lower at $1 […] Read more