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Gold extends gains on QE outlook

July 22, 2013 9:48 am
Gold rose for a third straight day on Monday, extending last weeks third consecutive gain amid expectations the Federal Reserve will hold back Quantitative Easing tapering, while surging oil prices might spur inflation. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 314.75 at 9:45 GMT, […] Read more

WTI extends gains, hedge funds boost bullish bets

July 22, 2013 8:40 am
WTI gained for a fourth day and continued to narrow its discount to Brent amid a third straight drop in U.S. stockpiles and signs of consistent economic recovery in the worlds top user. Both benchmarks were supported as G20 pledged to put growth before austerity, fueling hope of a recovery in commodities consumption. On the […] Read more

Natural gas declines amid cooler weather

July 22, 2013 6:46 am
Natural gas declined for a second day as forecasting models pointed at cooling weather in the U.S., thus reducing demand for the fuel. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.741 per million British thermal units at 6:45 GMT, down 0.76% on the day. Prices held in range between […] Read more

WTI eases off a freshly hit 16-month high

July 19, 2013 2:42 pm
West Texas Intermediate hit a new 16-month high on Friday amid piling up favorable fundamentals, narrowing the spread to Brent and closing in to parity. On the New York Mercantile Exchange, WTI crude for September delivery traded at $108.09 a barrel at 14:41 GMT, up 0.26% on the day. Prices held in range between a […] Read more

Soft futures edge higher, cocoa at 8-month high

July 19, 2013 1:10 pm
Soft futures surged on Friday with arabica rebounding after yesterdays plunge and cocoa hit an eight-month high in London. On the ICE Futures U.S. exchange, arabica coffee for September delivery traded at $1.2885 a pound at 13:08 GMT, up 0.90% on the day. Prices held in a range between days high and low of $1.2963 […] Read more

Copper swings between lingering demand prospects

July 19, 2013 11:53 am
Copper swung between gains and losses on Friday as grim demand prospects in Europe and China limited gains amid positive economic data from the U.S. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.147 a pound at 11:57 GMT, up 0.49% on the day. Prices fluctuated […] Read more

Grain futures mixed, corn drops on favorable weather

July 19, 2013 9:20 am
Grain futures were mixed on Friday with corn extending losses amid favorable weather conditions that should boost crop developing, while wheat and soybeans advanced. On the Chicago Board of Trade, corn futures for September delivery traded at $5.3838 a bushel at 9:16 GMT, down 0.41% on the day. Prices held in range between days high […] Read more

Gold rises on physical demand

July 19, 2013 8:31 am
Gold rose on Friday and extended yesterdays gains as prices, which retreated from a three-week high, spurred speculation physical demand may increase. The precious metal was also supported by a weaker dollar following Bernankes testimony. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 286.65 an […] Read more

WTI remains steady near 16-month high

July 19, 2013 7:09 am
WTI eased from Thursdays 16-month high but remained steady during early European trading as stable economic recovery signs in the U.S. boosted demand prospects in the worlds top consumer, while crude stockpiles fell for a third straight week. Brent also stood firm. On the New York Mercantile Exchange, WTI crude for September delivery traded at […] Read more

Natural gas surges more than 4% following EIA’s report

July 18, 2013 3:04 pm
Natural gas rose more than 4% in early U.S. Trading after the Energy Information Administration said in its weekly report that U.S. natural gas stockpiles rose below expectations last week. On the New York Mercantile Exchange, natural gas for August delivery surged to $3.790 per million British thermal units at 14:57 GMT, up 4.42% on […] Read more