April 29, 2014 8:58 am
Gold continued to drop during early trading in Europe, after solid data on US home sales spurred dollar demand on Monday. More reports later this week are expected to confirm the robust recovery of the worlds largest economy. Meanwhile, tensions in Ukraine continue to build-up, though not enough to off-set the stronger US. Gold futures […]
Read moreApril 29, 2014 7:46 am
Brent futures regain some losses during early trading in Europe, after a sizable drop on Monday due to bearish news from Libya. West Texas Intermediate also added to the last close, investors eye the upcoming data on US inventories. West Texas Intermediate futures for delivery in June traded for $101.20 per barrel at 7:44 GMT […]
Read moreApril 28, 2014 2:51 pm
Gold dropped on news that the US pending home sales figure recorded a significant improvement, which raised positive sentiment for the economy, and pressured gold. Silver shifted with the yellow metal. Copper remained steady, supported by US data and outlooks of improving demand in the worlds top industrial metals consumer China. Gold futures due in […]
Read moreApril 28, 2014 1:20 pm
Brent remained near $110 per barrel during midday trading in Europe, supported by Ukraine, while West Texas Intermediate made slight gains. Natural gas rallied on expected higher fuel consumption in the US, with both heating and cooling demand forecast to be above-average. West Texas Intermediate futures for settlement in June traded for $101.14 per barrel […]
Read moreApril 28, 2014 12:19 pm
Copper kept the recent steady up-beat during the first half of Europes trading day, as investors eye a report on pending home sales in the US later today. Later in the week a number of indicators for the US will be released, with solid positive outlooks for the worlds top economy. Meanwhile, demand in China […]
Read moreApril 28, 2014 9:52 am
Natural gas grew steadily during early trading in Europe, after a severe storm rampaged through much the central US. Weather reports projected an extended period of cold for the central and eastern states, while the West will see higher power demand due to a heatwave, strengthening support for the blue fuel. Rising storage inventories in […]
Read moreApril 28, 2014 8:46 am
Gold futures continued to steadily gain during early hours in Europe, as growing tensions in Ukraine stoke prices. Investors are keenly waiting on a number of important reports on the US economy this week, with expectations projecting a better picture for the US economy, bearing on the precious metal. Gold futures due in June traded […]
Read moreApril 28, 2014 7:37 am
Both West Texas Intermediate and Brent futures gained during early European trading on Monday. The deepening of the crisis in Ukraine spells fears over security of supplies from Russia – the worlds top energy producer. Diplomats from the US and EU will meet later today to discuss intensifying the sanctions against Moscow. Meanwhile, the record-high […]
Read moreApril 27, 2014 8:53 am
Gold gained on Fridays session close as the conflict in Ukraine deepens. Readings on a number of significant economic indicators for the US are to be released next week and are expected to reveal an improving climate for the worlds largest economy, pressuring gold in the long term. Gold futures due in June closed for […]
Read moreApril 27, 2014 6:32 am
West Texas Intermediate crude fell on Friday to the lowest in two weeks and marked its first weekly decline in three, pressured by US crude supplies rising to the highest level on record. Brent crude also fell on Friday but movement to the downside remained limited as the European benchmark continued to draw support on […]
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