October 28, 2013 10:09 am
Copper swung between gains and losses on Monday before the release of data that might show industrial production in the U.S. rose in October at the same pace from a month earlier. Recent downbeat U.S. data and concerns over credit tightening in China weighed on prices. Broad expectations that the Federal Reserve will refrain from […]
Read moreOctober 28, 2013 9:23 am
Gold traded lower on Monday but remained near Fridays one-month high amid broad expectations that FOMCs two-day meeting which begins tomorrow will conclude with no change in Feds policy following the recent downbeat employment data. Silver and palladium posted moderate retreats, while platinum was little changed. On the Comex division of the New York Mercantile […]
Read moreOctober 28, 2013 8:37 am
West Texas Intermediate slightly retreated in early European trading on Monday as market players weighed the release of key U.S. economic data against speculations of the outcome of two-day talks between Iran and Western major powers over the Islamic republics nuclear program. On the New York Mercantile Exchange, WTI crude for delivery in December slipped […]
Read moreOctober 27, 2013 9:37 am
Gold rose on Friday and marked a second consecutive weekly advance amid broad expectations that the Federal Reserve will refrain from scaling back its bond purchasing program until 2014. Gold bulls continued to dominate as most analysts surveyed by Bloomberg expect prices to extend gains into next week. Silver, platinum and palladium tracked golds upward […]
Read moreOctober 26, 2013 1:16 pm
West Texas Intermediate crude rose for a second day on Friday amid better than expected U.S. durable goods orders in September but settled the week nearly 3% lower, a sixth decline in seven, as disappointing manufacturing expansion in the U.S. and Europe and ample inventories fanned negative sentiment. Brent advanced on Friday but fell for […]
Read moreOctober 25, 2013 1:44 pm
West Texas Intermediate crude rose to session highs after the Commerce Department reported that U.S. durable goods advanced by the most in three months and exceeded analysts projections on strong demand for commercial and military aircraft and motor vehicles. Prices however retreated on negative sentiment over ample supplies and poor manufacturing data from the U.S. […]
Read moreOctober 25, 2013 12:22 pm
Natural gas erased its daily losses but remained firmly on negative weekly basis after two reports by the Energy Information Administration this week showed that U.S. natural gas inventories rose above the average in the preceding two weeks. Short-term forecasts for colder than usual weather in key consuming areas of the U.S. supported prices. On […]
Read moreOctober 25, 2013 10:42 am
Grain futures were mixed on Friday with soybeans slightly declining, while corn and wheat posted a moderate advance as unfavorable weather in parts of the U.S., South America and Europe threatened to slow field work. On the Chicago Board of Trade, soybeans futures for delivery in November fell by 0.03% to $13.0863 per bushel by […]
Read moreOctober 25, 2013 8:34 am
Copper fell for a third day on Friday and is set to settle the week lower on concern that a restrictive monetary policy in China, the worlds largest consumer, will curb demand for raw materials. The first decline in U.S. manufacturing activity since 2009 and a smaller than expected expansion of the Euro zones manufacturing […]
Read moreOctober 25, 2013 7:56 am
Gold retreated on Friday but remained near Thursdays one-month high as investors weighed broad expectations for the Federal Reserve to delay trimming its monetary stimulus until next year against lingering physical demand from India, last years biggest consumer. Silver, platinum and palladium declined as well. On the Comex division of the New York Mercantile Exchange, […]
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