September 6, 2014 9:39 am
Gold futures logged significant losses this week, as a stronger dollar and speculation of peace in Ukraine weighed on the precious metal. The ECB surprisingly lowered the central interest rate, spurring a sizable drop for the euro, strengthening the dollar, while US gauges were reported largely on the growth track. Gold futures for delivery in […]
Read moreSeptember 5, 2014 1:20 pm
Both West Texas Intermediate and Brent crude benchmarks headed for a weekly drop as a stronger greenback weighed on dollar-denominated commodities while an agreement to start a ceasefire in eastern Ukraine eroded oils geopolitical premium. Losses were capped by an overall bullish EIA supplies report and as economic data from the US pointed to a […]
Read moreSeptember 5, 2014 1:16 pm
Gold and silver futures edged higher during midday trade in Europe today, as US payrolls logged far below expectations. Meanwhile, Kiev and pro-Russian rebels signed a preliminary ceasefire protocol at peace talks in Minsk today, signifying a key moment in the conflict. Meanwhile, copper futures dropped as fewer new payrolls pressured base metals outlooks. Gold […]
Read moreSeptember 5, 2014 9:47 am
Natural gas was mostly unchanged on Friday after losing over 6% in the previous three sessions, with weather forecasts calling for comfortable temperatures settling across most of the US in the coming days. A bearish supplies report by the Energy Information Administration on Thursday also helped maintain the bias to the downside. On the New […]
Read moreSeptember 5, 2014 7:10 am
Both West Texas Intermediate and Brent crude benchmarks were little changed after logging ~1% losses on Thursday ahead of a government report which may show the US economy added more than 200 000 jobs for the sixth consecutive month in August. Overall bullish supply data by the EIA on Thursday underpinned the market but a […]
Read moreSeptember 5, 2014 6:52 am
Gold futures were on the losing side during early trade in Europe today, as investors eye upcoming US employment data, seeking to further reinforce speculation of a rate hike, supporting the dollar. The ECB decision to lower lending rate to 0.05% weighed on the euro, further supporting the greenback. Meanwhile, developments over the crisis in […]
Read moreSeptember 4, 2014 3:07 pm
WTI and Brent futures were little changed at lower levels after the US reported largely expected crude oil inventory draws. Meanwhile, natural gas futures slid under pressure from a larger-than-expected build at natgas storage hubs in the US. On the New York Mercantile Exchange, WTI for settlement in October was down 0.64% to $94.93 per […]
Read moreSeptember 4, 2014 1:23 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Thursday after posting sharp gains in the previous session as industry data showed an unexpected rise in US fuel stockpiles, while crude inventories fell less than projected. A strong dollar and Ukraine peace hopes further pressured prices. Investors eyed the upcoming EIA supplies report, as […]
Read moreSeptember 4, 2014 1:07 pm
Gold and silver futures were only slightly impacted by the major decision by the ECB to lower the central lending rate to a historic low of 0.05%. Meanwhile, copper futures gained as the ECB was seen supporting the real EU economy. Gold futures for December delivery on the Comex in New York traded at $1 […]
Read moreSeptember 4, 2014 11:48 am
Corn futures corrected some of Wednesdays losses, while wheat and soybeans were pressured further during early trade in Europe today. The USDA reported impeccable quality across all three crops in the US yesterday, reinforcing speculation that this year will see the highest harvests on record. Weather models project scattered showers across the Midwest and Northern […]
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