May 9, 2014 8:14 am
Natural gas contracts retained downward momentum after a significant drop on a bearish report from the US yesterday. Weather reports forecast a warming over most of the eastern states in the following days, while the West Coast will be experiencing another heatwave next week. Front month natural gas futures, due in June, lost 0.26% at […]
Read moreMay 9, 2014 7:23 am
Gold made slight gains during early trading in Europe today, as the crisis in Eastern Europe is in focus with a Victory Day military parade in Moscow. Meanwhile, pro-Russian separatists said they will press on with planned independence referendum, supporting safe-haven demand. Elsewhere, the economic recovery of the US continued to pressure the precious metal. […]
Read moreMay 8, 2014 1:56 pm
Gold contracts in New York traded even today, after yesterday signs of deescalation in Ukraine suppressed safe-haven demand. Data from the US continues to push down on the precious metals. Meanwhile, copper futures, also in New York, found support from foreign trade data from China. Gold futures due in June traded for $1 290.4 per […]
Read moreMay 8, 2014 12:02 pm
US crude traded near yesterdays close at midday in Europe, largely keeping gains on declining supplies in the US. Russian President Vladimir Putin demonstrated a softening tone over the crisis in Europe, pressuring oil prices, though his remarks were checked by the determination of the rebel insurrection in eastern Ukraine. Meanwhile, natural gas was also […]
Read moreMay 8, 2014 9:49 am
Natural gas futures traded even during early hours in Europe today, after a slide yesterday on expectations of significant gains for inventories in the US. Stockpiles in the States are a major factor in natgas prices, as the country consumes more than 21% of the worlds supply of blue fuel. Meanwhile, weather reports project a […]
Read moreMay 8, 2014 8:53 am
Gold contracts traded near yesterdays closing price during early hours in Europe today. On Wednesday Russian President Vladimir Putin signified a shift in Kremlins tone, asking rebels to put-off an independence referendum, and pulling troops away from the border, which pressured safe-haven demand for gold. Elsewhere, Feds Chair Janet Yellen confirmed continuing support for the […]
Read moreMay 8, 2014 7:29 am
US crude orbited around yesterdays close during early trading in Europe today, keeping most of the gains made after a report on declining supplies in the US. China also logged a sizable buff to crude, as foreign trade in the second-top oil consumer was reported much better than expected. Ukraine still stands as a firm […]
Read moreMay 7, 2014 3:01 pm
The weekly Energy Information Administration (EIA) report on oil inventories in the US revealed crude stocks had declined, supporting West Texas Intermediate. Previously, the US brand saw further support by reports of a strengthening US economy, though bearish data from China pared significant gains. Meanwhile, natural gas contracts dropped today, as warmer weather sets-in over […]
Read moreMay 7, 2014 1:44 pm
Precious metals dropped earlier gains on Ukraine ahead of a testimony by Feds Chair Janet Yellen. A show of confidence is expected, pressuring gold and silver. Meanwhile, copper was losing, as negative industrial outlooks in China outweighed positive data from the US. Gold futures due in June traded for $1 303.2 per troy ounce at […]
Read moreMay 7, 2014 12:21 pm
Copper futures saw bearish trading before noon in Europe, as negative factory reports from China continued pressuring the industrial metal. On Thursday a report on Chinese foreign trade is expected to show a contraction in exports. Previously, data on Friday stoked confidence for the red metal, as employment figures in the US reached multi-year highs. […]
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