April 23, 2014 8:16 am
Gold traded slightly higher in European trading on Wednesday, though the metal seemed steady on its downward way after it recorded the lowest price in 12 weeks yesterday as investors judged the US recovery a stronger bet than escalation of the Ukraine crisis. Also boosting bearish sentiment, speculations with the Yuan weighed on Chinese demand, […]
Read moreApril 23, 2014 6:59 am
West Texas Intermediate and Brent futures retained yesterday’s losses during early European trading, as weak data on Chinese manufacturing activity met bullish sentiment from US inventories data and lingering tensions in Ukraine. The New York Mercantile Exchange saw WTI crude contracts for settlement in June standing at $101.63 per barrel at 6:32 GMT, adding a […]
Read moreApril 22, 2014 2:37 pm
Gold remained in a steadily declining trend today, as strong US data helped the dollar trim its daily losses, while Ukraine failed to lift safe-haven demand. Silver regained some positions, while copper also faced bearish sentiment amid fears of economic slowdown in China, the industrial metals biggest consumer. Gold futures for delivery in June stood […]
Read moreApril 22, 2014 1:32 pm
Both the US and European benchmarks retreated today, as expectations of growth in stockpiles overwhelmed fears over a sharp escalation of the crisis in Ukraine. Meanwhile, natural gas made sizable gains during afternoon trade, but the rise was soon partially reversed. Weather reports confirmed there will be active weather over the US in the following […]
Read moreApril 22, 2014 1:01 pm
Copper faced an organized retreat today, as demand outlook in the worlds biggest consumer – China, stemmed negative sentiment. Economic reports from the Eurozone and the US due this week are expected to show limited growth in their manufacturing sectors, fanning positive sentiment over copper demand. Copper futures for settlement in May fell by 0.20% […]
Read moreApril 22, 2014 10:14 am
Tuesdays European trading hours saw natural gas futures retain yesterdays downward shift as prices reversed after Thursdays bullish report on natural gas storage supplies in the US. Weather reports for the US forecast very active weather in the following weeks with average to little-above-average gas consumption. Natural gas futures for settlement in June were traded […]
Read moreApril 22, 2014 9:03 am
Failure of deescalation measures in Ukraine, alongside threats of further sanctions against Russian officials failed to overcome bearish sentiment for gold, as the US economy shows signs of strong revival and Chinese demand seems to weaken. Gold futures for delivery in June traded at $1289.4 per troy ounce at 8:33 GMT, marking a gain of […]
Read moreApril 22, 2014 7:45 am
Crude oil futures remained relatively stable during early European trading hours, as the crisis in Ukraine is still supporting prices, with deescalation measures agreed-upon in Geneva evidently failing. On other fronts, US crude stocks are predicted to have risen last week, though significant losses are unlikely, due to a decline in gasoline inventories. On the […]
Read moreApril 20, 2014 7:35 am
Copper rose on Thursday and jumped back to positive weekly territory as upbeat data from the US fanned positive sentiment for the recovery of the worlds biggest economy, boosting the industrial metals demand prospects. Investors are looking ahead at next weeks manufacturing data coming out from major consumers, as well as housing and durable goods […]
Read moreApril 19, 2014 8:54 am
West Texas Intermediate crude rose on Thursday to close at the second highest level this year and Brent settled near a 1-1/2-month high after another spite of upbeat data from the US fanned positive sentiment for the recovery of the worlds biggest economy. A deal to deescalate the tension in Ukraine at 6-hour-long talks in […]
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