October 10, 2013 8:41 am
Copper swung between gains and losses and fell in the early European trading session after data on Wednesday and Thursday showed a decrease in manufacturing output in most of Europes big economies. A stronger dollar also weighed on prices. On the Comex division of the New York Mercantile Exchange, copper futures for settlement in December […]
Read moreOctober 10, 2013 7:50 am
Gold fell for a third day on Thursday as the U.S. dollar continued to advance and a potential deal between Republicans and Democrats on raising the nations debt limit fueled hope that the economy will be put back on track and Feds stimulus will be reduced. FOMCs September meeting protocols revealed that most policymakers agreed […]
Read moreOctober 10, 2013 6:53 am
Brent led the rebound in oil prices on Thursday after a group called the Libya Revolutionaries Operations Room arrested Libyas Prime Minister Ali Zaidan, fueling concern that the countrys oil output which recently began to recover might be crippled again. Steps toward resolving the political deadlock in the U.S. also provided some support. Gains however […]
Read moreOctober 9, 2013 2:58 pm
West Texas Intermediate plunged more than 2% on Wednesday after the Energy Information Administration reported a much bigger than expected increase in U.S. crude oil stockpiles last week. A continuing government shutdown and unresolved deadlock in negotiations to raise the nations debt limit continued to curb demand prospects. On the New York Mercantile Exchange, WTI […]
Read moreOctober 9, 2013 2:22 pm
Gold retreated below the $1 300 mark on Wednesday as the U.S. dollar strengthened after a White House official said President Barack Obama will nominate Janet Yellen as Bernankes successor as Fed Chief. This fueled speculation that the central bank will maintain policy that would boost economic growth. Ongoing political impasse in the U.S. however […]
Read moreOctober 9, 2013 11:29 am
Grain futures were mixed on Wednesday with corn rising, while wheat and soybeans fell. The oilseed slipped for a third day after forecasts for favorable weather conditions in the U.S. and Brazil boosted crops. On the Chicago Board of Trade, soybeans for delivery in November fell by 0.27% to $12.8488 per bushel at 11:26 GMT. […]
Read moreOctober 9, 2013 9:11 am
Copper fell for a second day after U.S. lawmakers failed to break the political impasse which entered a second week and dampened market sentiment, while Chinese buyers waited for prices to drop. On the Comex division of the New York Mercantile Exchange, copper futures for December settlement fell by 0.81% to $3.266 per pound at […]
Read moreOctober 9, 2013 8:24 am
Gold traded lower throughout the Asian and early European trading sessions as U.S. lawmakers took steps toward breaking through the budget stalemate and raising the nations debt ceiling amid broad expectations that the October 17 deadline wont be breached. FOMCs September meeting protocols due to be released today also fell in investors focus. On the […]
Read moreOctober 9, 2013 7:21 am
West Texas Intermediate swung between gains and losses and inched up in early European trading on Wednesday as U.S. lawmakers took steps toward resolving the budget stalemate, reducing the possibility of a government default. Prices drew some support on events in Egypt and Libya over the weekend. Gains however were limited after the American Petroleum […]
Read moreOctober 8, 2013 2:42 pm
Natural gas futures rose more than 2% on Tuesday as weather forecasters predicted higher-than-average temperatures in key U.S. consuming areas, boosting demand prospects for the power-plant fuel. The energy source also gained as producers in the Gulf of Mexico returned evacuated personnel to platforms after tropical storm Karen dissipated but output was still 37% lower […]
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