April 22, 2014 10:14 am
Tuesdays European trading hours saw natural gas futures retain yesterdays downward shift as prices reversed after Thursdays bullish report on natural gas storage supplies in the US. Weather reports for the US forecast very active weather in the following weeks with average to little-above-average gas consumption. Natural gas futures for settlement in June were traded […]
Read moreApril 22, 2014 9:03 am
Failure of deescalation measures in Ukraine, alongside threats of further sanctions against Russian officials failed to overcome bearish sentiment for gold, as the US economy shows signs of strong revival and Chinese demand seems to weaken. Gold futures for delivery in June traded at $1289.4 per troy ounce at 8:33 GMT, marking a gain of […]
Read moreApril 22, 2014 7:45 am
Crude oil futures remained relatively stable during early European trading hours, as the crisis in Ukraine is still supporting prices, with deescalation measures agreed-upon in Geneva evidently failing. On other fronts, US crude stocks are predicted to have risen last week, though significant losses are unlikely, due to a decline in gasoline inventories. On the […]
Read moreApril 20, 2014 7:35 am
Copper rose on Thursday and jumped back to positive weekly territory as upbeat data from the US fanned positive sentiment for the recovery of the worlds biggest economy, boosting the industrial metals demand prospects. Investors are looking ahead at next weeks manufacturing data coming out from major consumers, as well as housing and durable goods […]
Read moreApril 19, 2014 8:54 am
West Texas Intermediate crude rose on Thursday to close at the second highest level this year and Brent settled near a 1-1/2-month high after another spite of upbeat data from the US fanned positive sentiment for the recovery of the worlds biggest economy. A deal to deescalate the tension in Ukraine at 6-hour-long talks in […]
Read moreApril 18, 2014 9:53 am
Gold futures capped a first weekly drop in three weeks amid signs of robust economic recovery in the US, which curbed demand for the precious metal as a store of value. Gold futures for settlement in June on the COMEX division of the New York Mercantile Exchange rose by 0.01% to settle at $1 294.90 […]
Read moreApril 18, 2014 6:01 am
Natural gas jumped by more than 4.5% on Thursday to the highest level in almost two months after government data showed US natural gas inventories rose less than expected in the week ended April 11th. Weather forecasts calling for no significant warm up across most of the US through the end of April also kept […]
Read moreApril 17, 2014 1:45 pm
Gold and silver remained on-par with last sessions close amid hopes of diplomatic resolution on the Ukraine crisis at peace talks in Geneva. However, escalating tensions in Eastern Europe kept a floor under prices. Meanwhile, figures on jobless claims in the US improved sentiment on the American economy after yesterdays Fed announcement of continuing monetary […]
Read moreApril 17, 2014 12:52 pm
Both the European and US benchmarks fell midday, as peace talks on Ukraine began in Geneva. Still strained tensions in Eastern Europe proved a strong support for the market, paring bearish supply data from the US and rising Libyan exports. Meanwhile, natural gas lost its narrow daily gains, as a report on natural gas inventories […]
Read moreApril 17, 2014 12:00 pm
Soybeans rose for a fourth day to hit the highest level in 1-1/2 years after data showed record-high demand from US millers and as Chinas economy cooled down less than expected in the first quarter. Wheat rose as unfavorable weather conditions in the US continued to stress the crop, despite a note of improvement, and […]
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