October 17, 2014 12:42 pm
Gold remained on track to post its first back-to-back weekly advance since July as global economic uncertainty sent riskier assets falling while sparking safe-haven demand. Encouraging data from the US on Thursday limited gains, but the metal remained supported not far off five-week high levels following sluggish data from Europe and China, and disappointing US […]
Read moreOctober 17, 2014 11:55 am
Natural gas fell for a fourth day after the EIA reported a larger-than-expected build in US natural gas inventories and as weather forecasting agencies predicted mostly mild weather in the US throughout October. On the New York Mercantile Exchange, natural gas for delivery in November fell by 0.50% to $3.777 per million British thermal units […]
Read moreOctober 17, 2014 8:36 am
Gold remained on track to post its first back-to-back weekly advance since July as global economic uncertainty sent equities falling, while sparking safe-haven demand for the precious metal, bonds and the Japanese yen. Encouraging data from the US on Thursday limited gains, but the metal remained supported not far off five-week high levels following sluggish […]
Read moreOctober 17, 2014 7:20 am
Both West Texas Intermediate and Brent benchmark crudes rebounded from yesterdays freshly hit lows, supported by robust US employment and industrial production data, but headed for a yet another weekly loss. Bearish EIA supply data and speculations OPEC members wont cut output amid a global supply glut kept bearish sentiment in control over the market. […]
Read moreOctober 16, 2014 2:55 pm
Natural gas fell to the lowest since July, erasing previous daily gains, after the Energy Information Administration reported a larger-than-expected build in US natural gas stockpiles for the week ended October 10th. Overall mild weather with no signs of widespread freezes throughout October helped sustain the bearish tone. November natural gas traded 0.87% lower at […]
Read moreOctober 16, 2014 1:53 pm
Gold traded lower on the day but held ground near the highest in five weeks as worries of a global economic slowdown stoked safe-haven demand. A firm dollar kept gains limited. Copper fell to the lowest in almost seven months following disappointing inflation numbers from China, the worlds top consumer. Comex gold for settlement in […]
Read moreOctober 16, 2014 12:00 pm
Natural gas traded near the lowest in five weeks as weather forecasting agencies predicted no widespread freezes in the US through the end of October, curbing heating demand and allowing inventories to continue replenishing. Market players awaited the release of EIAs supply data, due at 14:30 GMT. November natural gas traded at $3.818 per million […]
Read moreOctober 16, 2014 9:04 am
Gold hovered near a five-week high reached yesterday as downbeat data from the US, Europe and China sparked new fears of an economic slowdown, forcing investors to seek safe haven and sending equities and the dollar falling. Silver, platinum and palladium marked minor daily losses. Comex gold for settlement in December traded 0.43% lower at […]
Read moreOctober 16, 2014 7:50 am
West Texas Intermediate crude slid from the lowest in more than two years, while Brent hovered near a four-year trough after bearish supply data by the American Petroleum Institute came in consonance with fears of declining demand, exacerbating a global supply glut. Market players now awaited the Energy Information Administrations government data, due today at […]
Read moreOctober 15, 2014 2:33 pm
West Texas Intermediate crude fell to a 27-month trough and Brent declined to the lowest since November 2010 as easing global demand growth limited demand at times of ample supply. Natural gas fell for a second day. US November crude traded 0.50% higher at $82.25 per barrel at 14:06 GMT, having earlier plunged to $80.01, […]
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