August 3, 2014 7:00 am
Gold futures were pressured lower this week, after the Fed kept on track to reduce the inflow of government funds into the US economy, supporting the dollar. Stocks slumped these past five sessions, while other precious metals also closed significantly lower. Gold futures for delivery in December added 0.94% on Friday, closing at $1 294.8 […]
Read moreAugust 2, 2014 9:34 am
Both West Texas Intermediate and Brent crude benchmarks fell on Friday to the lowest settlement prices in months as global supply outstripping demand offset geopolitical tension in Africa, Ukraine and the Middle East which failed to spur fears of major supply disruptions. Softening demand in the US, coupled with mixed economic data, also added to […]
Read moreAugust 1, 2014 1:28 pm
Gold and silver futures climbed during midday trade in Europe today, after the US posted disappointing payrolls data. An escalation of tensions in Gaza also stoked some safe haven demand. Meanwhile, copper futures were higher, supported by bullish readings on factories in China. Gold futures for delivery in December, the most traded gold contract in […]
Read moreAugust 1, 2014 12:57 pm
Both West Texas Intermediate and Brent crude benchmarks extended losses on Friday as lingering demand in the US and global supply outstripping demand fueled bearish sentiment. A strong US dollar pressured the market additionally, but overall positive manufacturing data from Europe and China kept a floor under prices. Natural gas pared weekly gains as short-term […]
Read moreAugust 1, 2014 10:01 am
Natural gas fell on Friday after jumping by almost 1.5% on Thursday as weather forecasts called for overall mild weather across most of the US in the next several days. However, an upcoming decent warm-up is expected to support prices to the upside as early as next week, although another larger-than-projected weekly build in nationwide […]
Read moreAugust 1, 2014 8:56 am
Gold futures traded slightly higher during early hours in Europe today, ahead of a key report on US payrolls. The precious metal endured pressure from a number of economic readings this week, while battles in Gaza and developments in Ukraine offered some background support. Gold futures for delivery in December, the most traded gold contract […]
Read moreAugust 1, 2014 7:14 am
Both West Texas Intermediate and Brent crude benchmarks were little changed in early European trading on Friday after posting their biggest monthly declines in more than a year as a bearish global supply-demand outlook pressured prices. Brent gained some support as manufacturing activity in China expanded at the fastest pace in more than two years […]
Read moreJuly 31, 2014 2:53 pm
Natural gas futures soared after the US posted weekly storage readings today. The build was almost double the average, though lower than expected, and induced enough bullish sentiment to lift the fuel 2% and off the 8.1/2-month low reached earlier. On the New York Mercantile Exchange, natural gas for delivery in September added 1.72% by […]
Read moreJuly 31, 2014 12:37 pm
Gold futures declined during midday trade in Europe today, while silver added, as investors await the key report on US payrolls tomorrow. The US dollar continued upwards, hovering near a one-year peak. Meanwhile, copper futures were also higher, boosted by the US GDP figure from Wednesday. Gold futures due in December traded at $1 294.7 […]
Read moreJuly 31, 2014 12:10 pm
Natural gas rose during Thursdays European trading session but hovered near the lowest level since November 2013 ahead of government data that may show a yet another larger-than-expected build in nationwide inventories. On the New York Mercantile Exchange, natural gas for delivery in September added 0.40% by 11:49 GMT, to trade at $3.801 per million […]
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