August 21, 2014 8:00 am
Gold prices reached a two-month low during early trade in Europe today, as investors priced in remarks of an earlier rate hike in Feds July minutes, boosting the US dollar. Ongoing conflicts in Ukraine and the Middle East prompted some safe haven bids, partially paring gold losses. Gold futures for December delivery traded at $1 […]
Read moreAugust 21, 2014 7:56 am
Both West Texas Intermediate and Brent crude benchmarks fell in early European trading on Thursday as a gauge of manufacturing activity in China signaled softening growth, fueling speculations of lower demand in the worlds second-biggest consumer. Mixed supply data by the EIA on Wednesday also failed to provide solid support but persisting geoplitical tensions in […]
Read moreAugust 20, 2014 2:52 pm
West Texas Intermediate crude was mostly unchanged on Wednesday after government data showed US crude inventories declined almost three times more than analysts had projected but gasoline stockpiles unexpectedly gained, signaling a weakness in demand during the peak summer driving season. Domestic crude production also jumped. On the New York Mercantile Exchange, WTI crude for […]
Read moreAugust 20, 2014 1:33 pm
Gold prices remained contained in a very narrow range today, while silver gained, as investors await the detailed report from Feds July meeting. Meanwhile, copper futures added a sizable chunk as traders weighed US housing data. Gold futures for December delivery traded unchanged for the day at $1 296.8 per troy ounce by 13:27 GMT […]
Read moreAugust 20, 2014 12:46 pm
Both West Texas Intermediate and Brent crude benchmarks rebounded off multi-month low levels as their recent drop was seen excessive ahead of an expected drop in US crude oil, gasoline and distillate fuel inventories. Persisting geopolitical tensions in the Gaza Strip and Ukraine kept the market supported but a strong dollar and successful military actions […]
Read moreAugust 20, 2014 9:26 am
Wheat, corn and soybeans prices were all in the red during early trade in Europe today, as traders weighed incoming data from a crop-quality assessment tour in the US, the largest grower. According to the Pro Farmer Midwest Crop Tour, soybeans, corn and wheat in the US will all see the largest harvest to date, […]
Read moreAugust 20, 2014 9:18 am
Natural gas swung between gains and losses on Wednesday as market participants weighed short-term weather forecasts calling for mostly warmer-than-usual US weather against expectations for additional much larger-than-average nationwide inventory builds. On the New York Mercantile Exchange, natural gas for settlement in September was down 0.93% to trade at $3.841 per million British thermal units […]
Read moreAugust 20, 2014 7:24 am
Gold prices were little changed during early trade in Europe today, as traders await minutes from Feds July meeting. The precious metal was pressured lower yesterday, after the US dollar was boosted to an 11-month high by robust economic figures. Conflicts in Ukraine and in the Middle East kept losses in check. Gold futures for […]
Read moreAugust 20, 2014 7:19 am
Both West Texas Intermediate and Brent crude benchmarks were little changed on Wednesday, hovering near multi-month low levels, ahead of US supply data expected to show a drop in US crude inventories and a third consecutive decline in gasoline and distillate fuel supplies. A stronger dollar, rising Libyan output and Iraqi forces gaining ground on […]
Read moreAugust 19, 2014 2:13 pm
Both West Texas Intermediate and Brent crude benchmarks swung between gains and losses on Tuesday ahead of government data that may show US crude oil and gasoline stockpiles declined last week, but easing geopolitical tensions in Iraq kept gains in check. A strong dollar also weighed on oil. Natural gas advanced almost 2% as short-term […]
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