January 12, 2014 3:08 pm
Gold rallied on Friday to settle the week at one-month high, after a report by the Labor Department showed the US economy created the least jobs in almost three years, easing concerns the Federal Reserve will further reduce its bond purchases at FOMC’s upcoming meeting. A weaker dollar further supported the metal. On the Comex […]
Read moreJanuary 12, 2014 10:08 am
Natural gas rebounded from a one-month low on Friday but marked a third consecutive weekly decline as short-term weather forecasting models called for moderating weather in the upcoming days, implying reduced consumption of the power-station fuel. Expectations for a record high withdrawal in US inventories and extended forecasts pointing to the return of colder-than-usual temperatures […]
Read moreJanuary 11, 2014 3:20 pm
West Texas Intermediate crude rose by the most in over a month after a report by the Labor Department showed the US economy created the least jobs in almost three years, easing concerns the Federal Reserve will further reduce its bond purchases at FOMCs upcoming meeting. North Sea supply disruptions, coupled with rising Chinese crude […]
Read moreJanuary 10, 2014 1:42 pm
Grains were mixed on Friday, with wheat heading for a sixth straight week of declines, the longest streak of losses since October 2011 amid slowing US exports and a record-high global output. Meanwhile, soybeans advanced, while corn declined for a fourth day, after falling to the lowest since August 2010. Wheat futures for settlement in […]
Read moreJanuary 10, 2014 12:46 pm
Natural gas futures fell below $4 for the first time in more than a month, as weather forecasts called for a period of warmer weather conditions. Meanwhile, yesterday the energy source registered the largest daily decline since May, following EIAs bearish report. On the New York Mercantile Exchange, natural gas for delivery in February declined […]
Read moreJanuary 10, 2014 8:56 am
West Texas Intermediate crude rebounded from an eight-month low in early European trading on Friday ahead of the release of an allegedly upbeat US employment data, which would boost demand prospects in the worlds top consumer, despite raising the prospects for a further stimulus tapering. Inventories numbers released by the EIA earlier in the week, […]
Read moreJanuary 10, 2014 7:58 am
Gold advanced on Friday, ahead of the release of US jobs data as investors assessed the outlook for physical demand against speculation the Fed may scale back its stimulus program further. A stronger dollar put some pressure on the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the […]
Read moreJanuary 9, 2014 2:49 pm
Grains were mixed on Thursday, with corn declining for a third day on speculations US corn stockpiles in December increased at the fastest pace in 19 years. On the Chicago Board of Trade, corn futures for March delivery traded at $4.1263 a bushel by 14:44 GMT, falling 0.95% for the day. Futures held in a […]
Read moreJanuary 9, 2014 9:31 am
Natural gas touched lows unseen in one month as the short-term weather forecasts called for a period of warmer weather conditions, after the recent record cold Arctic outbreak. Meanwhile, investors awaited the release of the EIAs weekly US gas inventories report, that may show larger than the 5-year average withdrawal in the week ended January […]
Read moreJanuary 9, 2014 8:34 am
West Texas Intermediate crude hovered near Wednesdays six-week low after data by the Energy Information Administration showed a larger-than-expected build in US fuel supplies, offsetting a sixth consecutive decline in crude inventories. Ongoing supply worries in Libya continued to underpin the oil complex, but a stronger dollar weighed on prices. Upcoming US employment data fell […]
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