March 24, 2014 8:00 am
Both West Texas Intermediate and Brent crude benchmarks fell on Monday as overnight data showed a third consecutive monthly contraction in Chinas factory production, spurring demand concerns from the worlds second biggest oil consumer. A strong dollar kept the commodities markets pressured, while investors eyed upcoming diplomatic talks that are to determine the Wests reaction […]
Read moreMarch 24, 2014 7:50 am
Gold futures extended the largest weekly decline since November amid expectations US interest rates will rise next year, reducing demand for the precious metal as a store of value. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose to a three-month high on Friday. On the Comex division of the New York […]
Read moreMarch 23, 2014 2:02 pm
West Texas Intermediate crude rose on Friday and ended two straight weeks of losses as renewed tension between Russia and the West raised oils risk premium. Ample US crude supplies and a strong dollar however checked gains. A more positive US economic outlook stemming from policy makers decision to further cut Feds bond buying program […]
Read moreMarch 22, 2014 12:56 pm
Gold futures rose on Friday, trimming a weekly drop, as the European Union followed the United States in imposing further sanctions on the Russian Federation, which urged market players to look for safe haven assets, such as the precious metal. Also fanning positive sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose […]
Read moreMarch 21, 2014 2:40 pm
West Texas Intermediate crude was poised to snap two weeks of declines, following better-than-expected economic figures from the world’s top consumer. However, an extension to the list of individuals sanctioned by the US due to their ties to President Vladimir Putin added to oil’s previously eroded geopolitical premium, putting a floor under prices. Meanwhile, natural […]
Read moreMarch 21, 2014 12:38 pm
Gold futures rose on Friday, trimming a weekly drop, as the European Union followed the United States in imposing further sanctions on the Russian Federation, which urged market players to look for safe haven assets, such as the precious metal. Meanwhile, copper futures distanced from the weakest level since July 2010, while silver rebounded from […]
Read moreMarch 21, 2014 11:53 am
Arabica coffee capped its biggest two-day decline since 2010 on Wednesday and Thursday and extended losses to a one-month low on Friday as weather forecasts predicted rains in Brazils main growing regions that would ease stress on the crop. Robusta beans traded near a one-month low as well amid improved weather prospects in Vietnam, the […]
Read moreMarch 21, 2014 9:57 am
Natural gas futures declined for a second day on Friday, as weather forecasting models called for a period of milder conditions in the US, curbing demand for the power station fuel and after a government report showed yesterday that US gas stockpiles fell less than projected last week. On the New York Mercantile Exchange, natural […]
Read moreMarch 21, 2014 8:07 am
West Texas Intermediate crude headed for a third straight weekly decline as ample US supplies and a stronger dollar offset better-than-expected economic figures from the worlds top consumer. An extension to the list of individuals sanctioned by the US due to their ties to President Vladimir Putin added to oils previously eroded geopolitical premium, putting […]
Read moreMarch 21, 2014 7:59 am
Gold futures traded little changed on Friday, but headed for the largest weekly loss since September after the Federal Reserve signaled interest rates may increase by mid-2015, while further trimming monetary stimulus. Also fanning negative sentiment, Goldman Sachs Group Inc. predicted prices may plunge to $1 000 an ounce. Meanwhile, assets in the SPDR Gold […]
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