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Gold futures hit 5-year low on US rate outlook, China inventories

July 20, 2015 7:36 am
Gold fell to the lowest in more than five years on Monday, extending a fourth week of losses, amid the prospects of the first interest rate hike in the US in almost a decade and after China reported smaller inventories of the precious metal than analysts expected. Gold for delivery in August traded 1.48% lower […] Read more

Gold trading outlook: futures headed for a fourth weekly loss

July 17, 2015 12:02 pm
Gold fell for a seventh consecutive session on Friday as the US dollar remained near the highest since early June, while bearish sentiment was further reinforced by the increased likeliness of a US interest rate hike this year. Gold for delivery in August traded 0.09% lower at $1 142.9 an ounce at 11:37 GMT, shifting […] Read more

Natural gas trading outlook: futures hover near 1-month high on warm conditions

July 16, 2015 8:45 am
Natural gas was little changed in early European trade on Thursday, holding near Tuesdays 1-month high, as weather forecasts saw no significant overnight changes, calling for very warm to hot conditions over much of the US. Natural gas for delivery in August traded 0.10% lower at $2.915 per million British thermal units at 08:18 GMT, […] Read more

Gold trading outlook: futures extend drop on looming US rate hike

July 16, 2015 7:32 am
Gold fell for a sixth straight session on Thursday after Fed Chair Janet Yellen reaffirmed the likeliness of an interest rate hike this year, which, coupled with better-than-expected US economic data, sent the dollar soaring versus a basket of trading peers. Gold futures for delivery in August traded 0.14% lower at $1 145.8 per troy […] Read more

Natural gas trading outlook: futures steady ahead of EIA data

July 15, 2015 8:46 am
Natural gas was little changed on Wednesday as investors weighed forecasts for widespread hot weather in the US against projections for a much larger than average inventory build in Thursdays EIA report. Natural gas for delivery in August traded 0.04% higher at $2.841 per million British thermal units at 08:22 GMT, shifting in a daily […] Read more

Gold trading outlook: futures steady ahead of Yellen testimony

July 15, 2015 7:40 am
Gold swung in a narrow range on Wednesday ahead of Fed Chair Janet Yellens semiannual testimony before US Congress as investors waited for clues on whether the central bank will initiate its first interest rate hike in almost a decade. Gold futures for delivery in August were up 0.02% for the day at $1 153.7 […] Read more

Natural gas trading outlook: futures hold near 1-month high on warm weather

July 14, 2015 8:45 am
Natural gas was steady on Tuesday, holding close below a 1-month high touched on Monday, as forecasts called for very warm weather across most of the US during the next couple of weeks, including over the typically cooler north-eastern regions. Natural gas for delivery in August traded 0.03% lower at $2.863 per million British thermal […] Read more

Gold trading outlook: futures extend drop as focus shifts to US rates

July 14, 2015 7:27 am
Gold fell for a second day this week after Greece agreed to creditor demands, removing a risk factor for safe haven demand and shifting investors focus on expectations for the first interest rate increase in the US in almost a decade. Gold futures for delivery in August traded 0.12% lower at $1 154.0 per troy […] Read more

Gold futures drop on Greek relief, US rates outlook

July 13, 2015 2:57 pm
Gold fell for a third day on Monday after Greece secured a crucial deal with its creditors, setting the path toward a new bailout, while investors gauged the possibility of a US interest rate hike in as early as September. Gold futures for delivery in August traded 0.38% lower at $1 153.5 per troy ounce […] Read more