October 28, 2014 3:31 pm
Both West Texas Intermediate and Brent crude benchmarks rose on Tuesday, buoyed by a weaker dollar and a rally in European equities following upbeat results by a number of blue-chip companies. Allegedly bearish supply data by the EIA and a price forecast cut by Goldman Sachs limited gains. Natural gas held close to an 11-month […]
Read moreOctober 28, 2014 2:45 pm
Gold recovered after falling to the lowest in nearly two weeks as investors assessed mixed economic data from the US and weighed increased physical demand from Asia against the alleged conclusion of Feds Quantitative Easing program. Copper rose on speculation strike action will curb supply. A weaker dollar benefited both metals. Comex gold for delivery […]
Read moreOctober 28, 2014 1:23 pm
Copper rose for a fourth day and held near the highest level in two weeks as news for upcoming strikes at two major mines, coupled with expectations of higher Chinese demand, eased speculations for an expanding supply surplus. A weaker dollar was also beneficial. Comex copper for delivery in December traded 0.67% higher at $3.0845 […]
Read moreOctober 28, 2014 10:40 am
Natural gas rose on Tuesday but remained not far off Mondays freshly hit 11-month low as weather forecasts for the first ten days of November called for mild weather across the central and southern US, limiting heating demand. On the New York Mercantile Exchange, natural gas for delivery in November traded at $3.572 per million […]
Read moreOctober 28, 2014 9:24 am
Gold recovered after falling to its lowest in nearly two weeks as investors assess the importance of increased demand in Asia in anticipation of the two-day FOMC policy meeting. Comex gold for delivery in December traded at $1 228.8 per troy ounce at 8:58 GMT, down 0.04% on the day, having shifted within a daily […]
Read moreOctober 28, 2014 8:43 am
West Texas Intermediate crude fell for a third day ahead of supply data expected to show US crude oil inventories rose to the highest in almost four months last week. Sentiment remained dampened after Goldman Sachs cut its price forecasts for the American and European benchmark crudes amid a supply-demand imbalance. On the New York […]
Read moreOctober 27, 2014 3:40 pm
Gold extended last weeks decline as better-than-expected global economic data and higher equities dented the metal’s safe-haven demand. All major European banks passing ECB’s stress test also eased investors’ fears. Copper rose on news of planned strikes in Indonesia and Peru and as the US dollar weakened. Comex gold for delivery in December traded at […]
Read moreOctober 27, 2014 2:10 pm
West Texas Intermediate crude fell to the lowest since end-June 2012 while Brent slid below $85 as Goldman Sachs revised down its price forecasts for the first quarter of next year by $15 amid ample global supply. German business confidence dropping for a sixth month also helped push prices down. Natural gas fell amid forecasts […]
Read moreOctober 27, 2014 12:19 pm
Natural gas fell and hovered near the lowest in 11 months as weather forecasts remained mostly unchanged and called for mild temperatures across the US, with few exceptions, through the first week of November. Natural gas for delivery in November traded at $3.595 per million British thermal units at 11:57 GMT, down 0.77% on the […]
Read moreOctober 27, 2014 10:11 am
Gold was steady on Monday after falling 0.6% last week as better-than-expected global economic data and higher equities dented the metals safe-haven demand. All major European banks passing ECBs stress test also eased investors fears. Comex gold for delivery in December traded at $1 230.9 per troy ounce at 9:54 GMT, down 0.07% on the […]
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