April 3, 2014 6:49 am
Gold extended an advance from the lowest level in seven weeks amid bets that physical demand will increase, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained steady yesterday. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in June traded at $1 293.20 an ounce by […]
Read moreApril 2, 2014 3:12 pm
West Texas Intermediate remained pressured on the downside even after government data showed US crude oil inventories fell for the first time in 11 weeks, defying expectations for a further build up, while supplies at the biggest US storage hub declined for a ninth straight week. Analysts feared the drop may be attributed to a […]
Read moreApril 2, 2014 1:43 pm
West Texas Intermediate crude fell for a third day ahead of government data that is expected to show an eleventh consecutive weekly build-up in US crude oil inventories. The oil complex, and particularly Brent crude, was heavily pressured amid the possible reopening of eastern Libyan export terminals. Market players eyed upcoming US supply data, as […]
Read moreApril 2, 2014 11:54 am
Copper futures jumped to a three-week high on Wednesday, on concern over a possible disruption in global supplies after an earthquake of 8.2 magnitude in Chile, the biggest producer of the red metal. Meanwhile, gold futures rebounded from a seven-week low, while silver also advanced. On the Comex division of the New York Mercantile Exchange, […]
Read moreApril 2, 2014 9:43 am
Natural gas futures declined for a fourth day on Wednesday, touching the weakest level since January 20, as forecasts for warmer weather in the US reduced demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.247 per million British thermal units at 09:40 GMT, down […]
Read moreApril 2, 2014 7:07 am
West Texas Intermediate crude fell for a third day ahead of government data that is expected to show an eleventh consecutive weekly build up in US crude oil inventories. An unanticipated decline in supplies according to a private report limited losses. The oil complex, and particularly Brent crude, was heavily pressured amid the possible reopening […]
Read moreApril 2, 2014 6:50 am
Gold futures snapped two days of declines after prices dropped to the lowest level in seven weeks, encouraging some investors to buy the precious metal amid signs of increasing demand in China, the worlds biggest consumer. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced yesterday to the weakest level in almost […]
Read moreApril 1, 2014 12:45 pm
Copper futures rose on Tuesday, trading close to the strongest level in three weeks after official data showed a gauge of manufacturing activity in China, the worlds biggest consumer of the metal, advanced more than expected last month. Meanwhile, gold futures traded close to the weakest level in seven weeks as further signs of recovery […]
Read moreApril 1, 2014 11:49 am
Natural gas futures declined for a third day on Tuesday, as forecasts for warmer weather in the US reduced demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.368 per million British thermal units at 11:47 GMT, down 0.08% on the day. Prices held in […]
Read moreApril 1, 2014 11:43 am
Both West Texas Intermediate and Brent crude benchmarks edged lower on Tuesday ahead of private and government data that may show an eleventh weekly build-up in US crude oil inventories, while manufacturing figures from China spurred uncertainty over growth prospects in the world’s second-biggest economy and oil consumer. Meanwhile, natural gas futures traded little changed […]
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