March 3, 2014 9:32 am
Gold surged to the strongest level in more than four months after the Russian Federation seized control of the Crimea region, spurring tensions in Ukraine and fueling demand for haven assets. Also fanning positive sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose 0.4% in February, capping the first monthly increase since […]
Read moreMarch 2, 2014 12:53 pm
West Texas Intermediate crude rose on Friday amid market talk of decreased supply from the Bakken shale in North Dakota. The US benchmark rose for an eight straight week and settled the month higher, supported by falling supplies at Cushing, Oklahoma, and short-term cold weather outlook in the US. However, tension in Ukraine reducing the […]
Read moreMarch 1, 2014 9:23 am
Gold fell for the second time in three days on Friday, as global equities advanced to the strongest level in more than six years, curbing demand for the yellow metal as an alternative investment. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose 0.4% in February, capping the first monthly increase since […]
Read moreFebruary 28, 2014 2:19 pm
Grain futures advanced on Friday, wheat headed for the largest monthly increase since July as the recent adverse weather conditions in the US, the biggest global exporter, were seen harming crops. On the Chicago Board of Trade, wheat futures for settlement in May added 0.94% to trade at $5.9513 per bushel by 13:43 GMT. Prices […]
Read moreFebruary 28, 2014 10:53 am
Natural gas declined a fifth day and headed for the largest weekly drop since 1996, after a government report revealed US gas inventories fell less than analysts estimated in the week ended February 21st. Prices of gas futures were also pressured by long-term weather forecasting models, which called for a warm-up in the US during […]
Read moreFebruary 28, 2014 8:15 am
West Texas Intermediate crude fell for a second day on Friday and is set for marking its first weekly decline in seven amid speculations demand will soften as frigid winter weather eases in the US, while domestic output surged to the highest in 25 years in 2013. Civil unrest in Ukraine continued to curb the […]
Read moreFebruary 28, 2014 8:14 am
Gold fell on Friday, but was set for the first back-to-back monthly increase since the two months through August after weaker-than-expected US data and a rout in emerging markets, boosted demand for the yellow metal as a store of value. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were poised for the first […]
Read moreFebruary 27, 2014 1:31 pm
Grain futures were mixed on Thursday, wheat declined, but headed for the largest monthly increase in 1-1/2 years as the recent adverse weather conditions in the US, the biggest global exporter, were seen harming crops. Meanwhile, corn declined, while soybeans touched a 6-month high amid recent drought in Brazil, the second-largest exporter of the grain. […]
Read moreFebruary 27, 2014 8:57 am
Natural gas declined a fourth day to touch the weakest level in a month as long-term weather forecasting models called for a warm-up in the US during the second week of March, easing natural gas and heating demand. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April fell by 1.3% to […]
Read moreFebruary 27, 2014 8:47 am
West Texas Intermediate crude fell after it gained the most in a week on Wednesday as the winter season in the US drawing closer to an end is expected to reduce heating demand, removing a key support for crude oil. The nations distillate fuel inventories rose for the first week in seven in the seven […]
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