Commodities News

Copper en route to worst quarter since 2011

Copper rebounded on Friday to trade near its previous close after plunging more than 1% during the Asian session. The industrial metal has been heavily pressured by Feds announced intention to taper its bond purchasing program during the second half of the year and Chinas worsening economic condition, which puts global demand at risk. The […] Read more

Gold rebounds from 34-month low, hovers around the $1 200 mark

Gold rebounded on Friday from the 34-month low it hit during the Asian session after marking the worst quarterly loss since nine decades. However, gains remained capped as the U.S. economy showed further consistent recovery signs yesterday, supporting Feds intentions to wind down its monetary easing program. On the Comex division of the New York […] Read more

Natural gas on a steep fall following EIA’s report

Natural gas plunged more than 4% on Thursday after the EIA said in its weekly report that natural gas inventories rose more than expected during the week ending June 21. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.576 per million British thermal units at 15:19 GMT, down 4.32% on […] Read more

Oil rises on positive U.S. data

Oil edged higher throughout the late European and early U.S. sessions as positive U.S. economic data boosted demand outlook for the worlds biggest oil consumer. On the New York Mercantile Exchange, WTI crude for August delivery traded at $96.30 at 14:36 GMT, 0.84% higher on the day. Prices were green during the most of the […] Read more

Gold erases partially earlier session gains following U.S. data

Gold pared some of its earlier gains following todays upbeat U.S. economic data, which offset yesterdays disappointing Q1 GDP growth final reading and supported Feds intention to scale back its monetary easing program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 233.15 per troy ounce […] Read more

Soft futures mixed

Soft futures were mixed on Thursday with sugar, arabica and robusta coffee marking daily gains, while cotton and cocoa traded lower. On the ICE Futures U.S. exchange, arabica coffee for September delivery traded 1.23% higher on the day, standing at $1.1978 a pound at 12:49 GMT. Prices ranged between days high at $1.1993 and low […] Read more

Copper gains on U.S. and China data

Copper gained on Thursday supported by yesterdays weak U.S. economic data that dampened concern of a premature Quantitative Easing deceleration, and news that industrial companies in China increased their profits in May. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.056 a pound at 10:31 GMT, […] Read more

Grain futures higher

Grain futures were higher on Thursday with wheat and soybeans marking moderate gains, while corn rebounded after earlier losses to trade slightly above its previous close, pressured by concern for ample supply. On the Chicago Mercantile Exchange, corn futures for September delivery traded at $5.7438 a bushel at 9:40 GMT, up 0.14% on the day. […] Read more

Gold trades higher on stimulus outlook

Gold surged during the Asian session and extended gains throughout the early European session as yesterdays disappointing U.S. data temporarily dampened speculation of an earlier than expected Quantitative Easing deceleration. The precious metal fell to a new three-year low yesterday prior to The Bureau of Economic Analysiss final Q1 GDP reading. On the Comex division […] Read more