September 8, 2014 7:42 am
Gold futures were slightly higher during early trade in Europe today, despite the dollar hovering near a 14-month peak. Investors eye an upcoming EU decision on whether to impose further and tougher sanctions against Russia over its role in destabilizing Ukraine, keeping the precious metal supported. Gold futures for December delivery on the Comex in […]
Read moreSeptember 8, 2014 7:28 am
Both West Texas Intermediate and Brent crude benchmarks fell in early European trading on Monday after settling the previous week more than 2% lower as downbeat US employment data spurred demand fears. Rising Chinese exports and crude imports added some confidence after recent worse-than-expected economic numbers. On the New York Mercantile Exchange, WTI crude for […]
Read moreSeptember 7, 2014 9:42 am
Both West Texas Intermediate and Brent crude benchmarks fell on Friday and settled the week lower after Ukraine and pro-Russian separatists signed a preliminary ceasefire protocol, while slower-than-projected US jobs growth in August spurred some demand concerns. On the New York Mercantile Exchange, WTI crude for delivery in October fell by 1.23% on Friday to […]
Read moreSeptember 6, 2014 10:59 am
Natural gas fell for a fourth straight day on Friday to settle the week almost 7% lower after the EIA reported a larger-than-expected build in US inventories in the week ended August 29th and weather forecasting agencies predicted a broad cooling of temperatures starting this weekend. On the New York Mercantile, natural gas futures for […]
Read moreSeptember 6, 2014 9:39 am
Gold futures logged significant losses this week, as a stronger dollar and speculation of peace in Ukraine weighed on the precious metal. The ECB surprisingly lowered the central interest rate, spurring a sizable drop for the euro, strengthening the dollar, while US gauges were reported largely on the growth track. Gold futures for delivery in […]
Read moreSeptember 5, 2014 1:20 pm
Both West Texas Intermediate and Brent crude benchmarks headed for a weekly drop as a stronger greenback weighed on dollar-denominated commodities while an agreement to start a ceasefire in eastern Ukraine eroded oils geopolitical premium. Losses were capped by an overall bullish EIA supplies report and as economic data from the US pointed to a […]
Read moreSeptember 5, 2014 1:16 pm
Gold and silver futures edged higher during midday trade in Europe today, as US payrolls logged far below expectations. Meanwhile, Kiev and pro-Russian rebels signed a preliminary ceasefire protocol at peace talks in Minsk today, signifying a key moment in the conflict. Meanwhile, copper futures dropped as fewer new payrolls pressured base metals outlooks. Gold […]
Read moreSeptember 5, 2014 9:47 am
Natural gas was mostly unchanged on Friday after losing over 6% in the previous three sessions, with weather forecasts calling for comfortable temperatures settling across most of the US in the coming days. A bearish supplies report by the Energy Information Administration on Thursday also helped maintain the bias to the downside. On the New […]
Read moreSeptember 5, 2014 7:10 am
Both West Texas Intermediate and Brent crude benchmarks were little changed after logging ~1% losses on Thursday ahead of a government report which may show the US economy added more than 200 000 jobs for the sixth consecutive month in August. Overall bullish supply data by the EIA on Thursday underpinned the market but a […]
Read moreSeptember 5, 2014 6:52 am
Gold futures were on the losing side during early trade in Europe today, as investors eye upcoming US employment data, seeking to further reinforce speculation of a rate hike, supporting the dollar. The ECB decision to lower lending rate to 0.05% weighed on the euro, further supporting the greenback. Meanwhile, developments over the crisis in […]
Read more