October 18, 2013 8:02 am
Gold remained firm above the $1 300 mark on Friday and is on track to post its best weekly performance since August as the U.S. dollar hovered over an 8-1/2 month low on speculations that the Federal Reserve will refrain from scaling back its Quantitative Easing program until 2014. Silver was little changed, while platinum […]
Read moreOctober 18, 2013 7:08 am
Both West Texas Intermediate and Brent benchmarks rebounded on Friday after plunging more than 1% on Thursday as upbeat economic data from China fanned positive sentiment for oils demand prospects in the worlds second biggest consumer. However, gains were capped amid uncertainty ahead of a backlog of U.S. data delayed by the 16-day government shutdown. […]
Read moreOctober 17, 2013 2:59 pm
Copper retreated on Thursday despite a last-minute deal on raising the U.S. borrowing authority on concern over the damage dealt to the economy and ahead of a backlog of key U.S. economic indicators. Expectations for waning Chinese demand during the winter further pressured the market. On the Comex division of the New York Mercantile Exchange, […]
Read moreOctober 17, 2013 1:10 pm
Gold continued to advance in late European trading on Thursday after the U.S. Labor Department reported that the number of people who filed for initial unemployment benefits during the week ended October 12 fell less than expected. California continued to work through a backlog and the number included non-federal workers who were laid off during […]
Read moreOctober 17, 2013 12:05 pm
Grain futures rose on Thursday with soybeans slightly gaining, while wheat and corn posted a moderate advance as rains and lower temperatures across the U.S. and South America growing regions are expected to extend delays in field work. On the Chicago Board of Trade, soybeans futures for settlement in November rose by 0.21% to $12.7963 […]
Read moreOctober 17, 2013 9:00 am
Gold surged back to positive territory on Thursday after the Chinese rating agency Dagong cut its U.S. credit rating from A to A- and maintained a negative outlook. The metal traded lower throughout the day on waning safe haven demand after U.S. lawmakers reached an agreement to reopen the partially shut federal government and extend […]
Read moreOctober 17, 2013 7:02 am
Both West Texas Intermediate and Brent benchmarks eased after rising the most in a week on Wednesday as U.S. lawmakers managed to reach an agreement on extending the nations borrowing authority through February and reopening the federal government. A possible thaw in relations between Iran and Western major powers after a two-day meeting in Geneva […]
Read moreOctober 16, 2013 2:52 pm
West Texas Intermediate erased its weekly losses in early American trading on Wednesday as Senate leaders resumed talks on ending the fiscal impasse. Meanwhile, no deal was struck at a two-day meeting between Iran and six major world powers in Geneva, although arrangements for another round of negotiations later this month indicated that compromises being […]
Read moreOctober 16, 2013 12:31 pm
Natural gas recovered on Wednesday from yesterdays losses on outlook for below-average temperatures in key U.S. consuming areas, causing households to crank up the heating. The fuel fell on Tuesday on speculations that the colder weather wont be able to offset rising inventories. On the New York Mercantile Exchange, natural gas futures for settlement in […]
Read moreOctober 16, 2013 9:34 am
Grain futures rose on Wednesday on forecasts for showers in most of the major U.S. growing areas which would impair field work. On the Chicago Board of Trade, soybeans futures for settlement in November rose by 0.44% to $12.7263 per bushel at 9:29 GMT. Prices held in range between days high and low of $12.7375 […]
Read more