February 27, 2014 8:17 am
Gold extended a drop from 17-week high as better-than-expected US housing data added to expectations the Federal Reserve will keep reducing stimulus in measured steps, before exiting the program at the end of the year. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday after gaining for three days, the longest […]
Read moreFebruary 26, 2014 3:57 pm
West Texas Intermediate crude edged higher on Wednesday after a government report showed supplies at Cushing, Oklahoma, fell for a fourth consecutive week in the seven days through February 21st, while nationwide crude inventories rose less than expected. On the New York Mercantile Exchange, WTI futures for settlement in April traded at $102.80 per barrel […]
Read moreFebruary 26, 2014 2:38 pm
Grain futures declined on Wednesday, soybeans eased off from the strongest level in more than five months amid expectations for ample global supply. On the Chicago Board of Trade, soybeans futures for settlement in May fell by 0.26% to trade at $13.8328 per bushel by 14:32 GMT. Prices touched a session high at $13.8812 per […]
Read moreFebruary 26, 2014 1:04 pm
Natural gas extended a two-day decline to touch one-month low 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 4.04% to trade at $4.502 per […]
Read moreFebruary 26, 2014 8:01 am
West Texas Intermediate crude fell for a fourth day in five after it hit a one-week low on Tuesday as an industry report showed US crude inventories rose last week, but inventories at Cushing, Oklahoma, fell further. A slower gain in US home prices in December and a drop in consumer confidence in February fueled […]
Read moreFebruary 26, 2014 7:55 am
Gold traded little changed, but close to 17-week high as market players weighed weaker-than-expected US economic data against waning demand at higher prices. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday for a third day, the longest streak of gains since November 2012 and were poised for the first monthly increase […]
Read moreFebruary 25, 2014 3:40 pm
Grain futures lost ground on Tuesday, corn retreated from yesterdays five-month high as investors deemed the rally excessive after a government report showed production in the US, the world’s biggest exporter of the grain, may surge to a record high this year. On the Chicago Board of Trade, corn futures for May delivery lost 0.61% […]
Read moreFebruary 25, 2014 10:08 am
Natural gas rebounded from yesterdays two-week low as the freezing cold weather in the US continued to support high natural gas and heating demand and to deplete gas stockpiles, at a time when they are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose […]
Read moreFebruary 25, 2014 8:41 am
West Texas Intermediate crude fell for a third day in four ahead of a government report which may show US crude inventories rose for a sixth week, while supplies of refined petroleum products decreased. However, forecasts for another wave of cold weather across the US Midwest and the Great Plains provided some support. Supply disruptions […]
Read moreFebruary 25, 2014 7:51 am
Gold traded below a 4-month high as some market players reckoned the rally overdone amid expectations the Federal Reserve will continue tapering in measured steps throughout 2014, before exiting the program at the end of the year. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday for a second day, the longest […]
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