November 3, 2013 8:02 am
Gold tumbled to a two-week low on Friday and settled at the lowest price since October 22 after the U.S. dollar received a boost by a string of upbeat economic data which fueled speculations the Federal Reserve may begin scaling back its monthly bond purchases earlier than expected. Silver and palladium closed the week lower, […]
Read moreNovember 2, 2013 11:20 am
Both West Texas Intermediate and Brent benchmarks retreated on Friday and settled the week at multi-month lows after U.S. crude oil inventories rose for a sixth straight week to the highest since June and the U.S. dollar rallied, pressuring down dollar-denominated commodities. A partial recovery of Libyas crippled crude output further weighed, pushing Brent down […]
Read moreNovember 1, 2013 2:54 pm
Gold fell to the lowest in two weeks after the Institute for Supply Management reported U.S. manufacturing activity expanded at the fastest pace in two and a half years, indicating the 16-day government shutdown left factory output little affected. The data added to recently arisen speculations the Federal Reserve may begin trimming its monthly bond […]
Read moreNovember 1, 2013 2:03 pm
Natural gas fell more than 1.5% to the lowest since the beginning of October as weather forecasters predicted above-average temperatures in key consuming U.S. areas, limiting the power-station fuels demand prospects before the peak winter season. On the New York Mercantile Exchange, natural gas for delivery in December fell by 1.72% to $3.520 per million […]
Read moreNovember 1, 2013 11:10 am
Grain futures were steady during European trading on Friday with wheat headed for the worst week since June on expectations India will boost its exports to reduce ample state inventories. Corn hovered over 39-month low, while soybeans traded near 2-1/2 month low levels. On the Chicago Board of Trade, wheat futures for settlement in December […]
Read moreNovember 1, 2013 10:07 am
Copper futures extended weekly gains on Friday after a government and a private report showed China’s manufacturing sector expanded at a faster pace in October, adding to previous upbeat economic data from the world’s largest consumer and boosting the industrial metals demand prospects. Investors also assessed mixed data from Europe and awaited a key report […]
Read moreNovember 1, 2013 9:33 am
Gold extended its first weekly loss in three as the U.S. dollar continued to regain positions on speculations the Federal Reserve might begin scaling back its bond purchases earlier than previously projected after FOMC policy makers noted “underlying strength” in the economy. Expectations for a softer demand during Indias festival season also weighed on prices. […]
Read moreNovember 1, 2013 8:21 am
Both West Texas Intermediate and Brent benchmarks edged higher in early European trading on Friday after a government and a private report showed Chinas manufacturing sector expanded at a faster pace in October, adding to previous upbeat economic data from the worlds second-biggest oil consumer. The persisting lack of resolution to protests in Libya which […]
Read moreOctober 31, 2013 3:11 pm
Natural gas futures pared daily losses but remained on negative territory despite a bullish inventories report by the EIA as weather forecasters predicted above-normal temperatures across the eastern U.S. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.600 per million British thermal units at 14:57 GMT, down 0.57% […]
Read moreOctober 31, 2013 2:47 pm
Copper futures traded lower throughout the day on Thursday on a stronger U.S. dollar after FOMCs after-meeting announcement spurred speculations the Federal Reserve may begin scaling back its bond purchases earlier than previously projected. The industrial metal however pared daily losses after data showed business activity in the Chicago region expanded in October at the […]
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