January 9, 2014 8:18 am
Gold traded little changed after two days of declines, following the release of the Federal Reserve minutes, which boosted expectations the central bank will continue scaling back its stimulus program during 2014, diminishing demand for gold. A weaker dollar relieved some pressure on the yellow metal. However, assets in the SPDR Gold Trust, the biggest […]
Read moreJanuary 8, 2014 4:07 pm
West Texas Intermediate crude fell to the lowest since the beginning of December after the Energy Information Administration reported a larger-than-expected build in refined products inventories, offsetting a sixth straight decline in crude stockpiles. Losses were limited as the coldest US weather in nearly 20 years disrupted operations in US and Canadian refineries, while boosting […]
Read moreJanuary 8, 2014 3:44 pm
Grains lost ground on Wednesday, with soybeans declining for a second day on speculations a report by the USDA may show ample global output as harvests grow from Brazil to US. On the Chicago Board of Trade,soybeans futures for settlement in March lost 0.46% to trade at $12.7013 per bushel by 15:37 GMT. Prices swung […]
Read moreJanuary 8, 2014 1:18 pm
Natural gas advanced on Wednesday ahead of a government report that may show US gas inventories fell more than the five-year average in the week ended January 3rd. On the New York Mercantile Exchange, natural gas for delivery in February increased by 0.42% to $4.317 per million British thermal units by 13:15 GMT. Prices shifted […]
Read moreJanuary 8, 2014 8:34 am
West Texas Intermediate crude rose for a second day on Wednesday after the industry-funded American Petroleum Institute reported a sixth consecutive weekly decline in US crude inventories, despite a larger-than-projected build in both gasoline and distillate fuel stockpiles. The coldest US weather in 20 years caused supply disruptions at several US and Canadian refineries, while […]
Read moreJanuary 8, 2014 8:17 am
Gold declined on Wednesday ahead of the release of FOMCs last meeting minutes and amid speculations that the central bank may continue to reduce its monthly bond-buying program as the US economy improves. A stronger dollar further weighed, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at a 5-year low, adding […]
Read moreJanuary 7, 2014 3:42 pm
Grains advanced on Tuesday, with wheat advancing on potentially harmful low US temperatures, which have not been seen in decades. Corn and soybeans also advanced. On the Chicago Board of Trade, wheat futures for settlement in March rose by 0.28% to trade at $6.0813 per bushel by 15:32 GMT. Prices jumped to a session high […]
Read moreJanuary 7, 2014 12:45 pm
Natural gas advanced on Tuesday as short-term weather forecasts continued to call for cold temperatures in many densely-populated US areas, boosting demand for the power-station fuel as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in February increased by 0.59% to $4.332 per million British thermal units by […]
Read moreJanuary 7, 2014 8:28 am
West Texas Intermediate crude was little changed after falling to the lowest since late November ahead of EIAs weekly report which might show US crude inventories fell for a sixth straight time last week. Expectations for a further increase in fuel supplies however pressured the market. Cold weather sweeping across central US threatening to curtail […]
Read moreJanuary 7, 2014 8:00 am
Gold advanced on Tuesday, after a report showed shipments to China from Hong Kong more than doubled. However, a stronger dollar pressured the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at a 5-year low, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, […]
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