October 31, 2013 1:48 pm
Gold plunged to session low in late European trading on Thursday after the Labor Department reported that the number of people who applied for initial jobless benefits fell last week as California cleared a backlog of claims. Silver declined more than 4%, followed by platinum and palladium. On the Comex division of the New York […]
Read moreOctober 31, 2013 10:53 am
Grain futures edged higher during European trading on Thursday as weather forecasts continued to predict mixed conditions in major growing areas in the U.S., South America and Europe. On the Chicago Board of Trade, soybeans futures for delivery in January rose for a third day and traded at $12.8475 per bushel by 10:51 GMT, up […]
Read moreOctober 31, 2013 9:32 am
Gold futures fell more than 1% on Thursday despite Feds expected decision to keep its bond purchasing pace unchanged as policy makers noted there are signs of underlying strength in the economy, suggesting tapering is still on the table in the upcoming months. Investors liquidating long positions after the recent rally further pressured prices. Silver, […]
Read moreOctober 31, 2013 8:21 am
West Texas Intermediate crude extended losses on Thursday after the Energy Information Administration said in its weekly report on Wednesday that U.S. crude inventories rose to the highest since June last week, keeping the American benchmark on track to post its worst month since February. Hope that a key Libyan oilfield may reopen within 10 […]
Read moreOctober 30, 2013 3:45 pm
Natural gas futures swung between gains and losses on Wednesday as market players weighed mild weather outlook, which suggests reduced demand ahead of the peak winter season, against expectations for a smaller-than-the-average gain in U.S. stockpiles last week. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.625 per […]
Read moreOctober 30, 2013 3:05 pm
Oil retained its daily losses and fell to session low after the Energy Information Administration reported that U.S. crude oil inventories rose more than expected last week to the highest since June, indicating lingering demand in the worlds top consumer. Motor gasoline and distillate fuel supplies however fell above expectations. Little improvement in Libyas crippled […]
Read moreOctober 30, 2013 1:33 pm
Gold surged to session high during European trading after Automatic Data Processing reported U.S. companies added less jobs in October than expected. A separate report by the Department of Labor showed consumer prices rose in line with expectations and the underlying inflation remained benign, giving policy makers more room for monetary easing. On the Comex […]
Read moreOctober 30, 2013 11:17 am
Grain futures edged higher on Wednesday as weather conditions in parts of the U.S., South America and Europe continued cause delays to field work. On the Chicago Board of Trade, soybeans futures for settlement in January added 0.49% on the day and traded at $12.7688 per bushel at 11:13 GMT. Prices held in range between […]
Read moreOctober 30, 2013 10:15 am
Copper rose to the highest in a week on broad expectations the Federal Reserve will refrain from scaling back its bond purchases after FOMCs two-day meeting concludes later today. An expansion of Japans industrial sector and some upbeat data from the Euro zone also supported the metals demand prospects. On the Comex division of the […]
Read moreOctober 30, 2013 9:19 am
Gold inched up on Wednesday as investors wagered the Federal Reserve will refrain from trimming its monetary stimulus this month, and most likely delay tapering until next year. Weak physical demand however kept gains in check and held the precious metal on negative weekly territory. Silver, platinum and palladium tracked golds upward momentum. On the […]
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