October 21, 2013 2:07 pm
Natural gas fell in the early U.S. session on speculations that the Energy Information Administration will report on Tuesday a larger than the average rise in U.S. inventories in the week ended October 11. The fuel traded mostly higher throughout the day on outlook for colder-than-usual weather in key U.S. consuming areas through the beginning […]
Read moreOctober 21, 2013 10:11 am
Wheat futures rose on Monday as overall unfavorable weather conditions in North America, South America and Europe continued to impair field works. Wheat rose to the highest since June. On the Chicago Board of Trade, wheat December futures traded at $7.0938 per bushel at 10:00 GMT, up 0.42% on the day. Prices surged to a […]
Read moreOctober 21, 2013 9:15 am
Copper extended last weeks advance into Monday after Chinese customs data showed that imports by the worlds biggest consumer rose by 18% in September. Speculations that the Federal Reserve will refrain from trimming its monetary easing program until 2014 supported the metals demand prospects. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreOctober 21, 2013 8:36 am
Gold advanced on Monday and remained firm above the $1 300 mark on certainty that the Federal Reserve will refrain from paring its monetary stimulus in October and speculations for extending the delay past December. The U.S. dollar hovered over an 8-1/2 month low. Silver, platinum and palladium also advanced. On the Comex division of […]
Read moreOctober 21, 2013 7:47 am
Both West Texas Intermediate and Brent benchmarks swung between gains and losses on Monday and traded lower in the early European session ahead of EIAs crude oil inventories report for the week ended October 11 that is expected to show U.S. crude supplies rose to the highest since July. A weaker dollar and higher U.S. […]
Read moreOctober 20, 2013 5:58 am
Gold fell on Friday but settled the week 3.5% higher after the U.S. dollar plunged to an 8-1/2 month low on broad expectations that the 16-day federal government shutdown has caused enough damage to the economy to refrain the Federal Reserve from tapering its quantitative easing program this year. Silver, platinum and palladium also closed […]
Read moreOctober 19, 2013 10:40 am
Both West Texas Intermediate and Brent benchmarks rose on Friday but settled the week lower after upbeat economic data from China couldnt offset the negative sentiment fanned by U.S. lawmakers temporary decision to extend the nations borrowing authority through next February. The lack of any permanent solution to the divides between Democrats and Republicans was […]
Read moreOctober 18, 2013 12:14 pm
Natural gas futures fell for a fourth straight day on Friday on speculations that ample U.S. supply will be sufficient to meet winter demand when nearly 50% of American households use the fuel for heating. Lack of hurricane activity in the Atlantic OCean also pressured prices. On the New York Mercantile Exchange, natural gas futures […]
Read moreOctober 18, 2013 10:18 am
Grain futures continued to advance on Friday on forecasts for unfavorable weather over growing areas in the U.S., South America and Europe. Soybeans slightly gained, while corn and wheat posted a moderate advance. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.30% to a new session high of $12.9788 […]
Read moreOctober 18, 2013 8:55 am
Copper advanced on Friday and is headed for the first weekly advance in three after the Chinese National Bureau of Statistics reported that the Asian nations economy expanded at a faster pace in the third quarter from the previous three months, boosting the metals demand prospects. On the Comex division of the New York Mercantile […]
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