February 5, 2015 8:52 am
Gold gained for a second session on Thursday as investors sought the safety of the metal after the People’s Bank of China expanded measures to fight slowing growth amid uncertainty in Europe. Comex gold for delivery in April was up 0.20% at $1 267.0 per troy ounce at 08:30 GMT, shifting in a daily range […]
Read moreFebruary 5, 2015 8:38 am
Both West Texas Intermediate and Brent crude extended losses on Thursday as US crude output remained near the highest in more than three decades, while inventories surged to a record and OPECs production pace exceeded a collective target for an eight month. US crude for delivery in March traded at $47.81 per barrel at 8:14 […]
Read moreFebruary 4, 2015 4:06 pm
Both West Texas Intermediate and Brent crude extended losses on Wednesday, paring the previous four sessions hefty gains, as data by the Energy Information Administration showed a larger-than-expected build in US crude oil inventories, while both gasoline and distillate fuel stockpiles increased as well. West Texas Intermediate for delivery in March traded 4.88% lower at […]
Read moreFebruary 4, 2015 10:34 am
Gold rose on Wednesday amid signs that a two-day decline induced stronger physical buying in China, but gains were capped as Greece decided not to ask creditors for a debt write-down, relieving pressure on equities and denting safe-haven bids. Copper fell as the latest in a series of downbeat data from top consumer China spurred […]
Read moreFebruary 4, 2015 9:47 am
Natural gas rallied on Tuesday on short-term forecasts calling for cold weather across the northern US but swung back to losses on Wednesday as extended outlooks pointed to seasonal or warmer readings across most of the US. Investors also eyed tomorrows EIA report which is expected to show a thinner-than-average inventory decline. Natural gas for […]
Read moreFebruary 4, 2015 8:53 am
Gold edged up on Wednesday following two days of declines after Greece decided not to ask creditors for a debt write-down, relieving some of the pressure on equities and thus denting safe-heaven demand. Comex gold for delivery in April was up 0.36% at $1 264.9 per troy ounce at 08:34 GMT, shifting in a daily […]
Read moreFebruary 4, 2015 8:43 am
West Texas Intermediate and Brent crude slid for the first time in five days, ending a streak that brought prices up by about 20%, as downbeat China data revived concerns of softer oil demand, while private figures showed another hefty gain in US crude oil inventories. West Texas Intermediate for delivery in March traded 1.83% […]
Read moreFebruary 3, 2015 10:54 am
Gold edged up to trade above $1 280 an ounce on Tuesday as global growth concerns boosted demand for the metal, but investors remained cautious as they assessed the possibility of a US rate hike. Silver, platinum and palladium rose as well. Copper gained as a rebound in oil prices led to a broader advance […]
Read moreFebruary 3, 2015 10:04 am
Natural gas steadied on Tuesday after falling for four straight sessions as short-term forecasts called for colder-than-usual weather across the northern US. However, extended outlooks pointing to mild weather across the majority of the US, coupled with projections for another smaller-than-average drop in US stockpiles last week kept gains checked. Natural gas for delivery in […]
Read moreFebruary 3, 2015 8:47 am
Both West Texas Intermediate and Brent crude rose for a fourth session on Tuesday amid technical signs prices may have bottomed out. However, weak fundamentals, including weak demand prospects from China, Russian output remaining close to a post-Soviet record and US crude supplies set to rise further, capped gains. US crude for delivery in March […]
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