January 30, 2015 11:02 am
Gold headed for the biggest weekly drop in two months but still was on track to post its best month since February 2014 after a supportive chain of recent events. Silver, platinum and palladium gained. Copper also rose but was set for a seventh weekly decline, the longest such run since 2008, amid concerns that […]
Read moreJanuary 30, 2015 9:56 am
Natural gas slid for a fourth day this week, on track for a ninth weekly decline in ten, after data by the EIA showed a smaller-than-expected inventory withdrawal in the seven days through January 23rd, with another thin draw projected to come next Thursday. Natural gas for delivery in March declined by 1.77% to $2.671 […]
Read moreJanuary 30, 2015 8:59 am
West Texas Intermediate and Brent crude were headed for the longest monthly losing streak since January 2009 as rising US crude oil output and inventories exacerbated worries of a global supply overhang at times of slowing economic growth. A firm dollar also weighed. US crude for delivery in March rose 0.22% to $44.63 per barrel […]
Read moreJanuary 30, 2015 8:07 am
Gold edged up on Friday but still headed for its worst weekly performance in two months as the US dollar firmed. Comex gold for delivery in February climbed 0.57% to $1 261.7 per troy ounce by 07:49 GMT, shifting in a daily range of $1 257.0 – $1 263.6. The precious metal lost 2.43% on […]
Read moreJanuary 29, 2015 4:05 pm
Natural gas slid to the lowest in almost 3-1/2 years after data by the Energy Information Administration showed that US natural gas stockpiles registered a decline well below analysts expectations last week, gaining on deficits. Natural gas for delivery in March plunged 5.28% to $2.692 per million British thermal units by 15:54 GMT, shortly after […]
Read moreJanuary 29, 2015 11:44 am
Gold fell on Thursday to mark its third decline for the week as the Federal Reserve indicated that the US economy is on the right track to an interest rate hike. Silver, platinum and palladium fell as well. Copper headed for its worst monthly drop in more than three years amid a stronger dollar and […]
Read moreJanuary 29, 2015 10:40 am
Natural gas rose on Thursday, trimming its weekly decline, as the outlook for cooler readings across the northern and eastern US implied higher heating demand. However, mild weather across the remaining portions of the US, coupled with expectations for a smaller-than-average inventory decline last week capped gains. Natural gas for delivery in March rose 2.67% […]
Read moreJanuary 29, 2015 9:35 am
West Texas Intermediate and Brent crude steadied on Thursday to hold near the lowest in 6 years after a report showed that US crude oil inventories rose to the highest in more than three decades, while output hit a new record as well. An improved assessment by the Federal Reserve on the US economy sounded […]
Read moreJanuary 29, 2015 8:13 am
Gold fell on Thursday to mark its third decline during the week as the Federal Reserve indicated that the US economy is on the right track to an interest rate hike. Comex gold for delivery in February slid 0.37% to $1 281.1 per troy ounce by 07:52 GMT, shifting in a daily range of $1 […]
Read moreJanuary 28, 2015 4:14 pm
West Texas Intermediate hovered near the lowest in almost six years after the Energy Information Administration reported that US crude production surged to the highest in more than three decades last week, while inventories of crude oil surged to a record as well. US crude for delivery in March traded 2.60% lower at $45.03 per […]
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