November 21, 2014 10:02 am
Gold pared its weekly advance on Friday as the US dollar rallied against the euro after ECB President Mario Draghi outlined a dim prospect for the Eurozone in the medium-term. Increased central bank demand for bullion kept losses checked. Comex gold for delivery in December fell by 0.03% to $1 190.6 per troy ounce by […]
Read moreNovember 21, 2014 8:46 am
Both West Texas Intermediate and Brent crude rose on Friday as investors remained ambivalent about their expectations for the outcome of OPECs meeting in Vienna next week. Market players also eyed diplomatic developments between Iran and major world powers, while upbeat US data lent support. January US crude rose 0.45% to $76.19 per barrel by […]
Read moreNovember 20, 2014 4:04 pm
Natural gas spiked up to session high after the Energy Information Administration reported a larger-than-expected withdrawal in US stockpiles last week. Market players continued to eye short-term weather developments in the US, as well as extended forecasts for early-December. On the New York Mercantile Exchange, natural gas for delivery in December traded 0.82% higher at […]
Read moreNovember 20, 2014 1:08 pm
Gold fell on Thursday, pressured by a stronger dollar, as Fed minutes revealed policymakers feared weakening inflation, while also signaling optimism about the US economic recovery. Copper declined as disappointing manufacturing data from Europe and China spurred concerns about demand for the metal used in wiring and construction. Silver and palladium fell, while platinum was […]
Read moreNovember 20, 2014 10:56 am
Natural gas rose for the fourth day in five as Arctic temperatures across the central and eastern US fueled very strong early season heating demand. Market players eyed unclear weather models for the beginning of December and awaited EIAs inventory report. Natural gas for delivery in December rose by 2.17% to $4.466 per million British […]
Read moreNovember 20, 2014 9:50 am
Gold fell on Thursday, pressured by a stronger dollar, as Fed minutes revealed policymakers feared weakening inflation, while also signaling optimism about the US economys recovery. Falling support for a proposal that the Swiss National Bank backs more assets with gold also dampened the metals demand outlook. Comex gold for delivery in December slid 0.51% […]
Read moreNovember 20, 2014 8:44 am
West Texas Intermediate traded below $75 a barrel after US crude inventories rose more than expected last week, while Brent hovered around $78 amid growing speculations OPEC may scale back its collective output. Disappointing China data and a strong dollar weighed on the oil segment. January US crude was up 0.17% at $74.63 at 8:22 […]
Read moreNovember 19, 2014 4:07 pm
Both West Texas Intermediate and Brent crude were little changed after the Energy Information Administration stated a larger-than-expected jump in US crude oil inventories last week, while refinery utilization rose and distillate fuel stockpiles decreased. January US crude traded 0.13% higher at $74.74 per barrel at 15:54 GMT, having shifted in a daily range of […]
Read moreNovember 19, 2014 3:23 pm
Gold swung between gains and losses on Wednesday, with the US dollar remaining mostly steady, as investors eyed the highly-anticipated Fed minutes. Copper rose amid heightened risk appetite and as US building permits surged to the highest in six years. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in […]
Read moreNovember 19, 2014 2:03 pm
Natural gas rallied on Wednesday as market players weighed short-term forecasts calling for Arctic temperatures across the central and eastern US against a milder outlook for the weekend and next week. On the New York Mercantile Exchange, natural gas for delivery in December rose 3.65% to $4.399 per million British thermal unit by 13:42 GMT. […]
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