April 18, 2014 9:53 am
Gold futures capped a first weekly drop in three weeks amid signs of robust economic recovery in the US, which curbed demand for the precious metal as a store of value. Gold futures for settlement in June on the COMEX division of the New York Mercantile Exchange rose by 0.01% to settle at $1 294.90 […]
Read moreApril 18, 2014 6:01 am
Natural gas jumped by more than 4.5% on Thursday to the highest level in almost two months after government data showed US natural gas inventories rose less than expected in the week ended April 11th. Weather forecasts calling for no significant warm up across most of the US through the end of April also kept […]
Read moreApril 17, 2014 1:45 pm
Gold and silver remained on-par with last sessions close amid hopes of diplomatic resolution on the Ukraine crisis at peace talks in Geneva. However, escalating tensions in Eastern Europe kept a floor under prices. Meanwhile, figures on jobless claims in the US improved sentiment on the American economy after yesterdays Fed announcement of continuing monetary […]
Read moreApril 17, 2014 12:52 pm
Both the European and US benchmarks fell midday, as peace talks on Ukraine began in Geneva. Still strained tensions in Eastern Europe proved a strong support for the market, paring bearish supply data from the US and rising Libyan exports. Meanwhile, natural gas lost its narrow daily gains, as a report on natural gas inventories […]
Read moreApril 17, 2014 12:00 pm
Soybeans rose for a fourth day to hit the highest level in 1-1/2 years after data showed record-high demand from US millers and as Chinas economy cooled down less than expected in the first quarter. Wheat rose as unfavorable weather conditions in the US continued to stress the crop, despite a note of improvement, and […]
Read moreApril 17, 2014 11:17 am
Natural gas made slight gains on Thursday as weather forecasts called for an insignificant rise in temperatures in the following weeks that should limit gains in US gas storage. On the New York Mercantile Exchange, natural gas futures for settlement in May recorded a price of $4.539 per million British thermal units at 11:14 GMT, […]
Read moreApril 17, 2014 9:28 am
Gold lost ground ahead of peace talks on Ukraine, hosted in Geneva later today. Commitment to the continuation of Feds accommodative policy pressured the dollar, limiting downside movement. However, this was not enough to overcome Tuesdays drop on lowered Asian demand. Gold futures for settlement in June on the COMEX division of the New York […]
Read moreApril 17, 2014 7:49 am
West Texas Intermediate crude rose in early European trading hours on Thursday and Brent was steady, as the still present dangers over Ukraine beat a bearish report on US oil inventories and resumption of oil exports from Libyas Hariga port. Continuation of Feds stimulus program also provided support for the crude market. WTI futures for […]
Read moreApril 16, 2014 3:01 pm
West Texas Intermediate crude gave back some of its daily gains after the Energy Information Administration reported a much-larger-than-expected increase in US crude oil inventories in the seven days through April 11th, the 12th rise in 13 weeks. Strong industrial production data from the US, however, coupled with rising tensions in Ukraine provided the market […]
Read moreApril 16, 2014 2:27 pm
Both gold and silver were steady after yesterdays losses as poor housing data for the US overcame strong figures in consumer inflation and retail sales, though upbeat industrial figures soon halted the rising price of precious metals. Copper also rallied on China meeting GDP growth expectations and on US industrial output. On the COMEX division […]
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