April 17, 2014 11:17 am
Natural gas made slight gains on Thursday as weather forecasts called for an insignificant rise in temperatures in the following weeks that should limit gains in US gas storage. On the New York Mercantile Exchange, natural gas futures for settlement in May recorded a price of $4.539 per million British thermal units at 11:14 GMT, […]
Read moreApril 17, 2014 9:28 am
Gold lost ground ahead of peace talks on Ukraine, hosted in Geneva later today. Commitment to the continuation of Feds accommodative policy pressured the dollar, limiting downside movement. However, this was not enough to overcome Tuesdays drop on lowered Asian demand. Gold futures for settlement in June on the COMEX division of the New York […]
Read moreApril 17, 2014 7:49 am
West Texas Intermediate crude rose in early European trading hours on Thursday and Brent was steady, as the still present dangers over Ukraine beat a bearish report on US oil inventories and resumption of oil exports from Libyas Hariga port. Continuation of Feds stimulus program also provided support for the crude market. WTI futures for […]
Read moreApril 16, 2014 3:01 pm
West Texas Intermediate crude gave back some of its daily gains after the Energy Information Administration reported a much-larger-than-expected increase in US crude oil inventories in the seven days through April 11th, the 12th rise in 13 weeks. Strong industrial production data from the US, however, coupled with rising tensions in Ukraine provided the market […]
Read moreApril 16, 2014 2:27 pm
Both gold and silver were steady after yesterdays losses as poor housing data for the US overcame strong figures in consumer inflation and retail sales, though upbeat industrial figures soon halted the rising price of precious metals. Copper also rallied on China meeting GDP growth expectations and on US industrial output. On the COMEX division […]
Read moreApril 16, 2014 12:21 pm
Copper rallied today, as China released data showing a higher-than-expected GDP growth in the worlds biggest consumer of the metal. This comes a day after copper reached the lowest price level in three weeks. Still, growth in China for the first quarter is the lowest in 18 months, pressuring the red metal. On the COMEX […]
Read moreApril 16, 2014 9:55 am
Natural gas futures dropped during early European trading hours, following increasing certainty over warming weather reports for the US, and hopes of refilling gas stocks after an unseasonably cold winter. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.540 per million British thermal units at 09:48 GMT, a […]
Read moreApril 16, 2014 8:13 am
Gold hovered near the $1 300 mark amid reports of hasty US recovery and accelerating economic growth, alongside a reduction in Chinese demand forecasts. Losses were kept in check by fears of further escalation of tension in Ukraine. Gold futures for settlement in June traded at $1 302.10 per ounce at 08:00 GMT, marking a […]
Read moreApril 16, 2014 7:20 am
Both West Texas Intermediate and Brent crude benchmarks were little changed in early European trading on Wednesday as investors weighed Chinese data pointing to a feared economic slowdown against rising tensions in eastern Ukraine. Private data showing a larger-than-expected jump in US crude supplies last week, coupled with prospects of rising Libyan exports also pressured […]
Read moreApril 15, 2014 2:51 pm
Copper fell by more than 2% to hit the lowest in two weeks and a half on fears Chinas economy may weaken further after a recent series of downbeat economic data, ahead of GDP figures due tomorrow. A gauge of manufacturing activity in the US also disappointed. On the Comex division of the New York […]
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