October 13, 2014 9:42 am
Gold rose on Monday to the highest in nearly four weeks as worries over global economic slowdown spurred safe-haven demand for the precious metal. Silver, platinum and palladium also jumped, extending last weeks advance. Comex gold for settlement in December rose by 0.54% to $1 228.3 per troy ounce by 9:22 GMT, having earlier touched […]
Read moreOctober 13, 2014 7:54 am
Both West Texas Intermediate and Brent crude benchmarks extended last weeks drop after Iraq followed Saudi Arabia and Iran into cutting its list prices to Asia to the lowest since January 2009. Speculators slashed their net-long positions on WTI by the most in five weeks. Better-than-expected trade data from China lent some support to oil […]
Read moreOctober 12, 2014 11:23 am
Natural gas rose for the first time in three days on Friday as weather forecasts called for cooler-than-usual weather in the eastern US, but nevertheless marked a sizable weekly loss as outlook remained overall bearish with mostly seasonal readings across the US. Natural gas futures for settlement in November rose by 0.36% on the New […]
Read moreOctober 10, 2014 1:54 pm
Natural gas rose on Friday but still headed for a sizable weekly decline as weather forecasting models showed no threat of prolonged periods of below-freezing readings. A triple-digit inventory injection reported by the EIA on Thursday also helped push the market down. On the New York Mercantile Exchange, natural gas futures for delivery in November […]
Read moreOctober 10, 2014 11:43 am
Gold fell on Friday, trimming its weekly advance, as the US dollar strengthened after upbeat jobless data on Thursday fueled speculations the Federal Reserve might begin raising interest rates sooner rather than later. Comex gold for delivery in December traded at $1 224.0 per troy ounce at 11:26 GMT, down 0.11% on the day. Prices […]
Read moreOctober 10, 2014 7:55 am
Brent crude fell to the lowest in almost four years, while West Texas Intermediate crude plunged to a 27-month trough amid rising global supply and worsening economic conditions in Europe, as well as worries over Chinas growth prospects. US November crude was down 1.78% by 7:34 GMT to trade at $84.24 per barrel on the […]
Read moreOctober 9, 2014 12:48 pm
Natural gas fell for a second day on Thursday as weather forecasts pointed to mostly mild weather across the central and eastern US, defying previous projections for a cold spell that would induce strong heating demand. Market players awaited EIAs supply data, due at 14:30 GMT, for further clues on US demand. On the New […]
Read moreOctober 9, 2014 9:46 am
Gold rose by more than 1.5% on Thursday, its third daily gain in four, after Wednesdays Fed minutes revealed policy makers retained their dovish tone, citing concerns a strong US dollar and global economic slowdown may impede the US economys recovery. Comex gold for settlement in December rose by 1.65% to $1 225.9 per troy […]
Read moreOctober 9, 2014 7:15 am
Both West Texas Intermediate and Brent crudes marked minor daily gains, supported by a weaker dollar, but still hovered near yesterdays multi-month lows following bearish supply data by the Energy Information Administration. On the New York Mercantile Exchange, US November crude rose by 0.53% to $87.77 per barrel by 6:54 GMT, having ranged between $87.88 […]
Read moreOctober 8, 2014 3:11 pm
Both West Texas Intermediate and Brent crude benchmarks fell to new multi-month lows on Wednesday after the Energy Information Administration reported a jump in both refined product categories, as well as a bigger-than-expected rise in crude supplies. On the New York Mercantile Exchange, US November crude fell by 1.65% to $87.38 per barrel by 14:50 […]
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