November 17, 2014 9:47 am
Gold held on to gains from the prior session after short covering sent the precious metal soaring through a key resistance level. However, upside movement remained checked by an overall strong dollar and as assets in the SPDR Gold Trust remained at the lowest in more than six years. Silver, platinum and palladium fell. Comex […]
Read moreNovember 17, 2014 8:38 am
Crude oil futures slid on Monday as Japan unexpectedly entered recession, dealing a yet another heavy blow to global oil demand outlook. Market players eyed diplomacy developments within OPEC but a production cut remained unlikely. On the New York Mercantile Exchange, WTI crude for delivery in January slid 1.25% to $74.87 per barrel by 8:17 […]
Read moreNovember 16, 2014 9:34 am
Natural gas rose for the first time in five days on Friday as short-term forecasts called for frigid weather across the eastern and central US. However, the energy source marked its biggest weekly decline since end-February as extended outlooks pointed to moderating temperatures across most of the US later in November. Natural gas for delivery […]
Read moreNovember 14, 2014 2:08 pm
Both West Texas Intermediate and Brent crudes rose on Friday amid speculations that OPEC members have stepped up diplomacy to address the recent price rout. Natural gas rose, but was headed toward its biggest weekly decline since end-February as weather forecasts pointed toward moderating weather during the last 10 days of November. December US crude […]
Read moreNovember 14, 2014 1:27 pm
Gold was set for another weekly decline, pressured by a strong dollar, as investors assessed the prospects of Fed raising borrowing costs and saw no immediate need to hedge using bullion. Copper headed for a weekly loss as downbeat economic data from China fueled fears of slowing demand. Comex gold for settlement in December slid […]
Read moreNovember 14, 2014 11:04 am
Natural gas headed for a sizable weekly loss after scoring the biggest daily decline since end-February on Thursday as weather forecasts called for the return of near-normal temperatures across most of the US late next week. Natural gas for delivery in December traded at $3.989 per million British thermal units at 10:33 GMT, having shifted […]
Read moreNovember 14, 2014 9:38 am
Gold was on track to post its third straight weekly decline, pressured by a strong dollar, as investors assessed the prospects of Fed raising borrowing costs and saw no immediate need to hedge using bullion. Assets in the SPDR Gold Trust, reflecting general investor sentiment toward the precious metal, extended the longest run of declines […]
Read moreNovember 14, 2014 8:33 am
Both West Texas Intermediate and Brent benchmark crudes traded near their lowest in more than four years as major OPEC producers resisted calls to cut production, while output in the US surged to the highest on record. An unexpected drop in US crude stockpiles lent minimal support but a strong dollar continued to weigh on […]
Read moreNovember 13, 2014 4:04 pm
Natural gas fell for the fourth consecutive day amid speculations for lower demand as extended forecasts called for moderating weather later in the month. On the New York Mercantile Exchange, natural gas for delivery in December fell 1.22% to $4.134 per million British thermal units by 15:42 GMT, having ranged between $4.175 and $4.092 during […]
Read moreNovember 13, 2014 10:17 am
Gold swung between gains and losses, pressured below a key resistance at $1 180, as a report showed global bullion demand fell to the lowest in five years in the third quarter, while the US dollar held strong ahead of todays jobless data. December gold traded 0.03% lower at $1 158.7 per troy ounce at […]
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