April 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 […]
Read moreApril 16, 2014 12:21 pm
Copper rallied today, as China released data showing a higher-than-expected GDP growth in the worlds biggest consumer of the metal. This comes a day after copper reached the lowest price level in three weeks. Still, growth in China for the first quarter is the lowest in 18 months, pressuring the red metal. On the COMEX […]
Read moreApril 16, 2014 9:55 am
Natural gas futures dropped during early European trading hours, following increasing certainty over warming weather reports for the US, and hopes of refilling gas stocks after an unseasonably cold winter. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.540 per million British thermal units at 09:48 GMT, a […]
Read moreApril 16, 2014 8:13 am
Gold hovered near the $1 300 mark amid reports of hasty US recovery and accelerating economic growth, alongside a reduction in Chinese demand forecasts. Losses were kept in check by fears of further escalation of tension in Ukraine. Gold futures for settlement in June traded at $1 302.10 per ounce at 08:00 GMT, marking a […]
Read moreApril 16, 2014 7:20 am
Both West Texas Intermediate and Brent crude benchmarks were little changed in early European trading on Wednesday as investors weighed Chinese data pointing to a feared economic slowdown against rising tensions in eastern Ukraine. Private data showing a larger-than-expected jump in US crude supplies last week, coupled with prospects of rising Libyan exports also pressured […]
Read moreApril 15, 2014 2:51 pm
Copper fell by more than 2% to hit the lowest in two weeks and a half on fears Chinas economy may weaken further after a recent series of downbeat economic data, ahead of GDP figures due tomorrow. A gauge of manufacturing activity in the US also disappointed. On the Comex division of the New York […]
Read moreApril 15, 2014 1:39 pm
Gold suffered losses as the Bureau of Labor Statistics revealed consumer inflation in the US gained on last months performance, exceeding forecasts. All signs point towards a healthy economic recovery and growth, strengthening the greenback and reducing demand for the precious metal. Gold futures for delivery in June traded at $1 294.20 per troy ounce […]
Read moreApril 15, 2014 12:10 pm
Both West Texas Intermediate and Brent crude benchmarks remained pressured to the downside throughout Tuesdays trading session ahead of government data that may show US crude oil inventories fell for a 12th week in 13 through April 11th, coupled with the prospects of a gradual increase in Libyan crude oil exports. Ukraine tension kept the […]
Read moreApril 15, 2014 9:31 am
Natural gas fell for a third day amid speculations that mild weather across most of the US through the end of April will help replenish the nations gas inventories, which were drained to an 11-year low by this years harsh winter weather. On the New York Mercantile Exchange, natural gas futures for settlement in May […]
Read moreApril 15, 2014 8:07 am
Gold retreated from Mondays three-week high levels as upbeat economic data from the US supported Feds previous decisions to continuously cut its monetary stimulus, offsetting safe-haven demand for the metal. Market players eyed an upcoming meeting in Geneva where diplomats from Russia, Ukraine and Western powers will holds talks on reaching a peaceful resolution to […]
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